Car retail sales improve in Apr: CPCA

Published: Apr 25, 2019 10:32

Save

Car retail sales averaged 35,321 units per day in the first week of Apr, up 8% year on year

SHANGHAI, Apr 25 (SMM) – Retail sales of passenger vehicles in China improved from a month ago in April as buyers held off car purchases after the value-added tax cuts took effect.

The China Passenger Car Association (CPCA) said on Wednesday that car retail sales averaged 35,321 units per day in the first week of April, up 8% year on year. This compared to a year-over-year decline of 12.7% for the month of March.

Daily average sales stood at 33,508 units in the first three weeks of April, falling 25% year on year due to a high statistical basis in the same period of 2018.

This reflected a sluggish auto market.

Sales data Passenger car Passenger vehicle

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Precious Metals Express]

Mantengu announced it has concluded negotiations with Afresources Mining to divest its 70% equity stake in Blue Ridge Platinum and associated shareholder loans for a cash consideration of ZAR 35 million. The transaction remains subject to multiple conditions precedent and regulatory approvals. In addition, Blue Ridge Platinum has entered into a 10-year sales and contracting agreement with Afresources. Prior to obtaining formal approvals, Afresources will gain access to the Blue Ridge mine site to commence site construction and operational activities. All mine-related costs and expenses will be borne by Afresources effective from the access date, which will immediately alleviate Mantengu’s cash flow pressure.

1 hour ago

7 hours ago

Precious metals futures surge, platinum spot market consumption remains subdued [SMM Daily Review]

7 hours ago

9 hours ago

Risk-Off Sentiment Heats Up, Silver Prices Rebound; Spot Market Continues Weak Supply and Demand [SMM Daily Review]

[SMM Daily Commentary: Risk-Off Sentiment Heats Up, Silver Prices Rebound, Spot Market Continues Supply-Demand Weakness] SMM, July 22 – US-Iran ceasefire negotiations and technical correction drove silver prices to rebound, and they may maintain a fluctuating trend in the short term. Spot market demand was sluggish, transactions were near parity, and the supply-demand weakness pattern continued.

9 hours ago