- Automobile sales in China sank 15.8% in January to 2.37M units, according to data from the China Association of Automobile Manufacturers. It's now been eight straight months of falling auto sales in the nation.
- Sales by Chinese brands were down 22% in January to 832K.
- Sales of SUVs were down 19% during the month.
- German automakers BMW (+16%) and Volkswagen (-3%) outperformed the overall market during the month.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VWAGY, OTCPK:BMWYY, GM, OTCPK:GNZUF, OTCPK:GNZUY, TSLA, F, OTCPK:NSANY, TM, OTCPK:MZDAY, HMC.