[HIGHLIGHTS] The off-season for the auto market in February is not sluggish; policies are expected to create room for growth of millions of vehicles

The domestic auto market moved forward "against the wind" in February. The retail sales of the passenger car market declined year-on-year.

Independent, joint venture, and luxury brands saw double-digit declines in retail sales. The expectation that policy details will be released in March has led to a slightly weaker sales trend in February, but this also laid the foundation for the auto market to resume growth in March, a source said. The rapid escalation of the price war has caused the market to form a large wait-and-see trend.