15 Apr 2019, Gergana Bencheva, EMIS Editor
China’s vehicles sales drop 5.18% y/y in March
On a monthly basis, Beijing’s auto sales for March grew by 70.09%. As for the whole first quarter of 2019, sales slipped by 11.32% on an annual basis to 6.37 million units.
The revival of the sector is attributed mostly to carmakers offering sales promotions and increased production in March. Yet, CAAM underlined that the complete recovery would depend on consumer demand. Carmakers were encouraged to seek long-term development and not focus on so much on short-term earnings, China Daily added.
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