CAAM: China's domestic auto sales suffer pressure in April, but exports stay strong

After March’s broad recovery from February’s low due to the Chinese New Year break, China's automotive market again faced pressure from a tepid and competitive domestic market in April, while exports sustained their momentum, according to the latest release by China Association of Automobile Manufacturers (CAAM) on May 11.

Last month's total of domestic and export sales reached 2.53 million units, according to CAAM, down by 12.9% from March and 2.5% from April last year. The total generally mirrored the trend in production, with vehicle output declining by 11.7% on month and 1.7% on year to 2.58 million units last