# passenger cars

China’s Car Market Stumbles in February as Exports and Finance Deals Cushion the Blow

February retail sales of passenger cars in China plunged 25.4% year‑on‑year to about 1.034 million units, with domestic independent brands hardest hit. Automakers have responded with long‑tenor, low‑interest financing to boost demand, while exports—especially of new energy vehicles—hit record highs and provided an offset to the domestic slowdown.