US EditionChina’s March auto sales hit near-decade record high as price cuts cool
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China’s March auto sales hit near-decade record high as price cuts cool
China’s car sales grew 14% in March year-on-year to 2 million units, reports financial news outlet Jiemian, as the sector “continues to benefit from the government trade-in programme”. Data from the China Passenger Car Association (CPCA) shows that there has been a “less-intense price war compared to last year…[due to] the ‘two-new’ policy”. The outlet adds that March’s growth rose at the “fastest” pace since 2018. Car exports, however, fell 8% …
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