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CPCA Cui Dongshu: CN Makes up 33% of Global Auto Mkt in 4M25
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Global automobile sales numbered 7.56 million units in April, marking a 5% YoY rise, said China Passenger Car Association (CPCA) Secretary-General Cui Dongshu. Although the US and Chinese car markets strengthened in April, they remained 1% below the peak of April 2018, maintaining a mid-high level historically. In 4M25, global automobile sales hit 30.26 million units, also growing by 5% YoY. China was responsible for 33% of the global automobile market share, with the lower performance at the beginning of the year attributed to the normal impact of the Spring Festival. As the effects of policy stimuli became evident, the Chinese car market strengthened from March to April. AASTOCKS Financial News Website: www.aastocks.com |
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