CAAM: Recovery of The Auto Market Is Slower Than Expected

Recently, Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that due to the low base effect of the same period last year, the production and sales of the automobile market in April achieved a significant year-on-year growth.

Among them, the production and sales of new energy vehicles and vehicle exports continued to maintain a good momentum. However, Chen Shihua also pointed out that due to the irrational promotions since March that caused consumers to wait and see, automobile consumption has been still in the process of slow recovery; in addition, the recovery speed of the commercial vehicle industry is not as fast as expected.

And output and sales declined in April from March. On the whole, the current domestic auto market demand is still weak.

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