Passenger Car Sales Increase 12.4% YoY in April

Source: China Association of Automobile Manufacturers, ChinaScope Financial (Data)

+       Data released by the China Association of Automobile Manufacturers on May 9 shows that 1.65 million automobiles were produced in April, down 12.39% month-on-month but up 7.81% year-on-year. Meanwhile, 1.62 million automobiles were sold, down 11.65% month-on-month but up 5.19% year-on-year.

+       In April, 1.31 million passenger cars were produced and 1.28 million sold, down 10.35% and 8.85% month-on-month, but up 13.55% and 12.46% year-on-year.

+       During the Jan-April period, automobile production increased 0.47% year-on-year to 6.43 million, while automobile sales decreased 1.33% year-on-year to 6.42 million.

The passenger vehicles sales volume growth rebounded in April with a 5.19% YoY growth. Commercial vehicles’ demand remains weak.

With a 33.59% YoY growth in April, SUV growth was the highest among passenger vehicles.

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here