Economic Indicators
China’s May vehicle sales fall 12.6%, industry body says
2022.06.10 11:00
FILE PHOTO: Cars drive on the road during the evening rush hour in Beijing, China, July 1, 2019. REUTERS/Jason Lee
SHANGHAI (Reuters) – China’s May auto sales fell 12.6% year on year for the third consecutive monthly decline as the nation’s measures to combat the spread of COVID-19 continued to drag on the market.
Overall sales in the world’s biggest car market fell to 1.86 million vehicles in May, data from the China Association of Automobile Manufacturers (CAAM) showed.
However, May sales were up 57.6% from April, when the market was badly hit by COVID-19 lockdowns in several cities.
