Weekly Data
China's passenger car retail sales fall 21% year-on-year in first half of May
The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.
China's passenger vehicle retail sales drop 21% year-on-year in first week of May, CPCA data show
China's NEV supply is expected to improve significantly in May compared to April, with retail sales of NEVs expected to show high growth compared to April, the CPCA said.
CPCA data hints at possible weakness in China March auto sales due to Covid
Average daily retail sales of passenger cars in China fell 18 percent year-on-year in the first four weeks of March, with both the third and fourth weeks down 29 percent year-on-year.