The automobiles declined yearly

  In February, the overall situation of automobiles is relatively low, affected by the sluggish market and Spring Festival holiday. The enterprises coped with economic pressures carefully on one hand and slowed down production to relieve terminal pressure on the other hand. This month, the production and sales of automobiles in China reached 1,410,000 and 1,482,000 units respectively, down 40.4% and 37.4% than that of last month, and down 17.4% and 13.8% year on year. 

  For the first two months, the production and sales of automobiles were 3,776,000 and 3,852,000 units respectively, down 14.1% and 14.9% year on year.