Passenger vehicle sales in Apr extend decline on year

SHANGHAI, May 9 (SMM) – China's wholesale and retail of passenger vehicles in April continued to shrink from a year earlier, the China Passenger Car Association (CPCA) said on Thursday May 9. 

Data from CPCA showed that retail sales of passenger cars averaged 44,275 units per day in April, down 18% year on year. 

In the first week of April, the daily average car retail sales stood 8% higher from a year ago, at 35,321 units. This compared to a year-over-year decline of 12.7% for the month of March.

Last month, wholesales of passenger vehicles decreased 22% from April 2018, and posted 43,800 units/day.