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China's new car sales rise year-on-year in April, but demand still weak NHK

New vehicle sales in China rose over 80 percent in April from a year earlier, marking the third straight monthly increase. But the figure declined from March, indicating that demand remains weak.

The China Association of Automobile Manufacturers says that nearly 2.16 million new vehicles were sold in April, up 82.7 percent from the same month last year.

The major increase is due to sluggish sales a year earlier, as a result of coronavirus lockdowns imposed in Shanghai and other cities.

But the April figure marks an 11.9 percent drop from the previous month. This shows that although China's economy is picking up, the recovery is not as strong or widespread as had been expected.

The Association says demand in the automobile market remains weak, and effective government policy programs will be needed to expand consumption.

On the other hand, sales of electric and other "new-energy vehicles" are still strong in China. A total of 636,000 units were sold in April, more than double the figure for the same month last year.
Summary
China's new vehicle sales increased by over 80% in April compared to the previous year, marking the third consecutive monthly rise. However, sales dropped by 11.9% from March, suggesting that demand remains weak despite China's economic recovery. The China Association of Automobile Manufacturers
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ID: 470d6043-ad6a-47fe-acf4-aa26cd11a003

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20230511_32/

Date: May 11, 2023

Created: 2023/05/12 07:39

Updated: 2025/12/09 04:12

Last Read: 2023/05/12 15:58