China’s wholesale passenger vehicles to fall 6.6% YoY in Jan

SHANGHAI, Dec 27 (SMM) – About 2.26 million passenger vehicles, including sedans, SUV, multi-purpose vehicles (MPV), are expected to be delivered by manufacturers in China in January 2019, according to the report jointly issued by the China Passenger Car Association (CPCA) and WAYS.

This would stand 6.6% lower than the sales recorded in January 2018.

Compared to November 2018, wholesale PV volumes in China are expected to post a 6% growth in January 2019 due to seasonality and as auto-makers scurry to meet annual production and sales targets.

As the Chinese News Year approaches, shopping enthusiasm among consumers is set to boost January’s car sales.

In the meantime, declining retail sales and macroeconomic slowdown frustrate car dealers and prompt them to cut orders to manufacturers for cars.