2022-04-18T03:38:00+03:00 China 2024-09-15T07:31:22+03:00

Ukrainian news

China's passenger car retail sales down in March: association

China's passenger car retail sales down in March: association

The retail sales of passenger cars in China declined 10.5% in March from the same period last year, data from the China Passenger Car Association showed. This was reported by The Xinhua News Agency.

Nearly 1.58 mln passenger vehicles were sold in March, it said. Month on month, the figure was up 25.6%.

In the first three months this year, passenger car retail sales stood at 4.92 mln units, slightly down from the same period last year, the association said.

About 230,000 luxury cars were sold in March, down 14% year on year and up 43% from the previous month.

Luxury car retail sales increased sharply in early March from the previous month, but the growth momentum did not last until the end of the month, the association said.