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CAAM: China’s auto sales surge 75% YoY in March

ABSTRACT

Sales and production of automobiles across China during March surged 74.9% and 71.6% on year respectively, according to the latest released by the China Association of Automobile Manufacturers (CAAM) on April 9. The substantial on-year growth in both sales and production was mainly supported by the low base numbers for March 2020, the association explained.
Last month, China’s auto dealers sold 2.53 million units – more than the country’s vehicle output of 2.46 million units, according to the release. The numbers were also remarkably higher by 73.6% and 63.9% on month, Mysteel Global notes, as sales and production were interrupted in February by the long

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