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CADA Expects CN PV Mkt to Heat Up in 2nd Half of Apr, Bringing Monthly Sales to 1.6M Units
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In the first half of April, China's passenger car (PV) market entered a short-term adjustment phase after the post-Spring Festival recovery seen in March, during which overall demand showed a mild pullback when compared with the same period in March, according to a mid-month report released by the China Automobile Dealers Association (CADA). It is expected that the PV market will heat up gradually in the second half of April, thanks to the Beijing International Automotive Exhibition in late April, consumer demand stimulated by multiple launches of heavyweight new models, and pre-holiday car purchases ahead of the Labor Day Golden Week. Given that the PV market will likely retain a certain degree of resilience this month, the CADA predicts the final sales will reach 1.6 million PVs, broadly in line with March. Auto-translated by AI AASTOCKS Financial News |
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