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Saturday, May 10, 2025

China's car sales rise 14.8% in April with government-subsidized tradeins

 China’s car sales rose 14.8% in April from a year earlier, as government-subsidised auto trade-ins mitigate the impact of U.S. tariffs on consumer sentiment.

Passenger vehicle sales totalled 1.78 million units last month and were up 8.2% at 6.97 million units in the first four months, data from the China Passenger Car Association (CPCA) showed on Sunday.

https://www.investing.com/news/stock-market-news/chinas-car-sales-rise-148-in-april-4037726

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