China Commercial Vehicle Sales Up Despite Decline in Auto Sales

Commercial vehicle sales in China have increased 2% so far this year, despite several month declines in auto sales, overall, in the country, according to the Wall Street Journal.

Passenger car sales were down to start the first two months of the year, a segment that takes up a majority of China's automobile production, according to the latest China Retail Sector – Growth, Trends and Forecast. 

Indeed, passenger car sales were off 18% during January and February, according to WSJ. The slide has continued an eight month streak of declines.

Commercial vehicles make up less than 20% of the auto production market, according to the forecast. As passenger cars constitute the bulk of automobile production in China, production, sales, and tariffs changes in foreign ownership may affect this market.