Policy changes and sales fluctuations continue to affect the Chinese market
With subsidies suspended in a wide range of regions, light vehicle (LV) sales in China recorded negative growth in December. Total volumes reached approximately 2.5 million units, representing a year-on-year (YoY) decline of 16%. The passenger vehicle (PV) segment, which fell 17% year-on-year to 2.2 million units, remained the main driver, while the light commercial…