China’s auto sales recover in Mar: CPCA

SHANGHAI, Mar 20 (SMM) – About 34,000 passenger cars were sold per day in China in the first week of March, showed data from the China Passenger Car Association (CPCA).

This stood 25% lower than the same period last year, but such a year-over-year decline was much smaller than drops of over 40% in the first week of previous months, which reflected signs of recovery of retail sales of passenger vehicles.