A report by private research group the China Passenger Car Association has revealed that the growth of vehicle sales in China slowed down dramatically last month.
The amount of cars sold in April was up 34% on the same month last year, whereas March’s figure had been 63% higher.
The CPCA based in Shanghai stated 1.11 million cars were purchased in April, a decrease from the 1.26 million sold in March.
Domestic car sales in China have surged in the last few years as numerous wealthier families buy their first cars.
A decreasing rate of growth this year has been broadly expected – not least because product sales are being weighed against 2009 levels that was viewed as a especially strong year for home grown demand within China.
Total sales growth for the year is anticipated to be somewhere between 15% and 17%.
Nearly all sales in China are domestically manufactured vehicles – manufactured through joint ventures with overseas car makers such as General Motors, which is working together with Shanghai Automotive Industry Corp, and Ford, which has a partnership with Changan.
Fox Body to 2018 Mustang Parts
Most commented