China's December car sales post biggest fall in nearly 2 years

China's car sales fell at the fastest clip in nearly two years in December, as most automakers scrambled to hit their year-end sales targets amid cutthroat competition in the world's largest market.

Sales dropped 14.5 percent from a year earlier to 2.28 million units last month, worsening from an 8.5 percent fall in November and the biggest fall since February 2024, data from the China Passenger Car Association showed on Friday.

For the full year, car sales were up 3.9 percent, slowing from a growth of 5.3 percent in 2024 and the slowest in three years.

REUTERS