Uncertain economic hurting car demand, says industry body

Vehicle sales in China, the world's largest car market, surged to a record 24.6 million units last year, but at a much lower growth rate, as demand waned due to uncertain economic conditions.

Passenger vehicle sales grew 7.3 percent year-on-year to 21.1 million units in 2015, while that of commercial vehicles declined by 10 percent. Demand for trucks dropped by 11.4 percent, according to the China Association of Automobile Manufacturers.