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Cars are waiting to be shipped overseas to Lianyungang Port on February 14, 2019 in Lianyungang, Jiangsu Province, China.
Auto sales in China fell 15.8% in January over the previous year, said Monday the largest association of the country's auto industry, which marks the seventh consecutive month of declining sales in the largest automotive market in the world.
The China Association of Automobile Manufacturers (CAAM) said in a statement sent to Reuters that sales had dropped to 2.37 million vehicles last month. This follows a decline of 13% in December and 14% in November.
China is facing slowing economic growth and trade friction with the United States, which has contributed to the contraction of its automotive market for the first time in more than two decades last year.
Beijing is now trying to persuade consumers to loosen their pockets and is committed to providing subsidies to stimulate sales of some vehicles in rural areas and the purchase of new energy vehicles.
Industry leaders also said that car sales in China in January and February tended to be affected by Lunar New Year holidays, with consumers delaying their car purchase decisions during the festival.
Holiday dates change every year but tend to happen within two months. This took place the first week of February this year.
New energy vehicle sales in China, however, continued to offset this trend, reaching 95,700 in January, a 140% increase in one year, CAAM said.
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