Declines in auto production, sales widen in Apr: CAAM-Shanghai Metals Market

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Declines in auto production, sales widen in Apr: CAAM

Data Analysis 11:30:49AM May 16, 2019 Source:SMM

SHANGHAI, May 16 (SMM) – Sales and production of automobiles in April extended their weak performance from March with greater year-on-year declines, showed data from the China Association of Automobile Manufacturers (CAAM) on Monday May 13. 

Last month, production of cars stood at 2.05 million units, down 14.5% from a year ago and down 19.8% from March; sales came in at 1.98 million units, down 14.6% on the year and down 21.4% on the month. 

The year-on-year drops in production and sales expanded 11.7 and 9.4 percentage points, respectively, from that in March. 

These lowered domestic auto production and sales in January-April by 11% and 12.1% from a year ago, respectively, to 8.39 million units and 8.35 million units. The declines also widened by 1.2 and 0.8 percentage points from that posted in January-March. 

CAAM data on May 13 also showed that China's sales and production of new-energy vehicles (NEVs) in April continued to increase from a year earlier.

 

Key Words:  Market commentary  Automobile 

Declines in auto production, sales widen in Apr: CAAM

Data Analysis 11:30:49AM May 16, 2019 Source:SMM

SHANGHAI, May 16 (SMM) – Sales and production of automobiles in April extended their weak performance from March with greater year-on-year declines, showed data from the China Association of Automobile Manufacturers (CAAM) on Monday May 13. 

Last month, production of cars stood at 2.05 million units, down 14.5% from a year ago and down 19.8% from March; sales came in at 1.98 million units, down 14.6% on the year and down 21.4% on the month. 

The year-on-year drops in production and sales expanded 11.7 and 9.4 percentage points, respectively, from that in March. 

These lowered domestic auto production and sales in January-April by 11% and 12.1% from a year ago, respectively, to 8.39 million units and 8.35 million units. The declines also widened by 1.2 and 0.8 percentage points from that posted in January-March. 

CAAM data on May 13 also showed that China's sales and production of new-energy vehicles (NEVs) in April continued to increase from a year earlier.

 

Key Words:  Market commentary  Automobile