Ekonomické zprávy

Auto sales in China continued to rise in March

Data from the China Association of Automobile Manufacturers (CAAM) showed that in March auto sales in China surged by 9.7% per annum, following an increase of 13.5% per annum in February. It was the second rose in a row.

For the first three months of the year, car sales fell by 6.7% from a year earlier, reversing from a 0.2% growth in the same period of 2022.

CAAM also stated that new energy vehicle sales grew by 34.8% per annum in March. Meanwhile, from January to March, new energy vehicle sales increased by 26.2% per annum.

Yesterday, the China Passenger Car Association (CPCA) said that growth in sales of China's passenger vehicles was flat in March from a year earlier, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand. In the first three months, sales had fallen 13.4%. Sales of new energy vehicles (NEVs) rose 21.9% in March and accounted for 34% of the month's sales.

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