New-car demand in May saw a 5% year-on-year dip, with sales of 900,000 vehicles reported by the China Automobile Dealers Association 🚗 #CarIndustryStats
Retail sales of new sedans, crossovers, SUVs and multipurpose vehicles industrywide dipped 5 percent year on year to some 900,000 in the first several weeks of May, the China Automobile Dealers Association said Wednesday.
https://www.autonews.com/china/new-car-demand-remains-weak-first-19-days-may-trade-group-says