China Motorcycle Industry Sees YoY Growth in May Despite MoM Dip, Exports Remain Strong
According to data from the China Motorcycle Chamber of Commerce, total production and sales of motorcycles in May reached 2.218 million and 2.1516 million units, down 2.67% and 5.28% MoM, and up 18.09% and 12.83% YoY. From January to May, cumulative production and sales amounted to 9.8208 million and 9.8181 million units, up 11.18% and 11.04% YoY, respectively. In May, industry production and sales grew YoY while pulling back MoM, and exports continued to maintain strong growth momentum. On a cumulative basis from January to May, the boost from exports remained stable, domestic sales improved, industry production and sales rose steadily, and the overall industry performance was stable and positive.