Chinese auto sales up 10.7 percent in the first two months

Looking good

Looking good

It’s an annual tradition: Each year around this time, there is breathless reporting of wild swings in auto sales in the world’s largest car market, China. Old China hands wait until the numbers for both January and February are in to make an assessment. The reason: China’s biggest annual holiday, Chinese New Year , follows the lunar calendar and is at different dates each year.  The holidays affect both the numbers of hard selling days as well as the general buying behavior. To get a clear picture and a firm base for a comparison, seasoned industry watchers look at the total of both months. The total looks good. [Continue Reading]