00:00It's Benzinga, bringing Wall Street to Main Street.
00:02BYD reported its largest monthly global sales decline in six years as competition intensified
00:08in China's auto market, according to Reuters. February sales fell 41.1% year-over-year,
00:14marking a sixth straight monthly decline and the steepest drop since February 2020.
00:19Global sales fell 35.8% in the first two months of the year.
00:23Overseas shipments rose to 100,600 vehicles in February,
00:28while domestic sales fell 65% to 89,590 vehicles after a 53.2% drop in January
00:36when Geely overtook BYD as China's top carmaker.
00:39BYD launched a seven-year low-interest financing plan after Tesla introduced a similar offer in January.
00:45Regulators introduced new pricing rules and tightened oversight of exported used vehicles.
00:50For all things money, visit Benzinga.com.
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