Summary Box: China auto sales fall

AP News
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Posted: Mar 09, 2012 12:37 PM
Summary Box: China auto sales fall

IN LOW GEAR: The China Association of Automobile Manufacturers said Friday that car sales in January-February fell 4.4 percent from a year earlier to 2.37 million vehicles.

OUT OF GAS? China's once-sizzling auto market has slowed along with the economy. Rising fuel prices are also helping to keep would-be buyers out of showrooms. Vehicle sales rose a scant 2.5 percent in 2011.

SOME STILL MOVING: Foreign automakers have weathered the slump in sales relatively well, helped by Chinese car buyers' preferences for foreign brand models, analysts say.