China’s Auto Sales Rise For First Time Since Mid 2018


By RTTNews Staff Writer   ✉   | Published:

China’s auto sales increased for the first time since mid-2018 in April as the government relaxed coronavirus containment measures, data released by the China Association of Automobile Manufacturers, or CAAM, revealed Monday.

Auto sales increased 4.4 percent on a yearly basis to 2.07 million units in April. This was the first increase since July 2018. Sales had fallen 43 percent in March.

The increase was largely driven by commercial vehicle sales. Meanwhile, car sales were down 5.6 percent from last year.

The lobby said the automotive industry picked up due to the epidemic prevention measures and policies taken by the government to support the industry.

However, the industry group expects auto sales to fall 15 percent this year.

For comments and feedback contact:

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Related Articles


Your email address will not be published. Required fields are marked *