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China’s vehicle sales in April, 2019 drop 14.61% year on year, CAAM

China’s vehicle outputs and sales in April reached 2.052 million units and 1.9805 million units, declining 14.45% and 14.61% year on year respectively, according to the China Association of Automobile Manufacturers (CAAM).

For the first four months, the national vehicle outputs and sales amounted to 8.3886 million units and 8.3533 million units, dropping 10.98% and 12.12% from a year earlier.

PV sales in April presented a year-on-year decline of 17.73%, which was 10.85 percentage points more than the downturn for the previous month. Due to the bigger decline in April, the decrease on China’s year-to-date PV sales was slightly enlarged to 14.65% from 13.72% in March.

CV sales in April slide 18.99% compared with a month ago, while basically remained flat over the year-ago period.

Apart from the minibus, the other three major PV sectors—the car, the SUV and the MPV—all came across double-digit negative growth in April sales. Especially, the MPV sales even slumped up to 30.67% from a year ago.

With respect to Jan.-Apr. sales, even the minibus failed to dodge the fate of downturn. The year-on-year drop falling on the cumulative car sales (-12.56%), SUV sales (-15.77%) and MPV sales (-24.24%) were all higher than the decreases reflecting on corresponding sectors’ Q1 sales.

Here is the PV outputs and sales in March for you to do comparison.