The China Passenger Car Association (CPCA) reported that national passenger car retail sales in April reached 1.384 million units, a 21.5% decrease year-on-year and a 16.0% decrease month-on-month. Cumulative sales for the first four months of the year were 5.604 million units, down 18.5% compared to the same period last year. Another report indicated April retail sales of 1.406 million vehicles, a 20% year-on-year decline and a 15% month-on-month drop, with year-to-date cumulative sales at 5.628 million units, an 18% decrease. AI
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