"Passenger Car Market to Recover Steadily in Late April, Full-Month Sales Expected at 1.6M Units"
The Industry Coordination and Development Branch of the China Automobile Dealers Association stated as the Beijing International Auto Show in late April gradually gained momentum, multiple heavyweight new models were launched in quick succession to stimulate consumer demand, and the front-loading of car purchase demand ahead of the Labour Day holiday provided a boosting effect, the passenger vehicle market was expected to recover steadily in the second half of April, maintaining a stable and positive operating pace. Taking the above factors into account, end-user sales of passenger vehicles for the full month of April were projected to reach 1.6 million units.