Vehicle sales in China rose in April after declining for 21 months straight

More than two million vehicles were sold in the People’s Republic last month
by Leandre Grecia | May 8, 2020
PHOTO: Geely

The global automotive industry took a big hit from the COVID-19 crisis, but some markets have been showing signs of recovery as of late. China, for one, has seen its sales figure improve over the last month.

According to a Reuters report, the China Association of Automobile Manufacturers (CAAM) announced that two million vehicles were sold in the People’s Republic in April. This represents a 0.9% year-on-year increase versus April 2019 sales, and a 39.8% increase from March 2020. Two carmakers in particular reported year-on-year sales growth for the month: Geely Automobile Holdings and Ford Motor Company.

Breaking down the numbers, 105,468 Geely vehicles were purchased in April, which was a 2% increase from April 2019 and 44% from March 2020. The carmaker sold a total of 43,067 sedans, 61,179 SUVs, and 1,222 MPVs.

On the other hand, a separate report says that Ford sold 20,465 vehicles in April, which was a significant 38.3% jump from the corresponding 2019 figure.

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This gain would be the market’s first after seeing a decline for 21 months straight. CAAM, however, still expects that the overall figure for January to April to fall by a significant 32.1%. The association is set to announce the final numbers on May 11.

For more of our stories on the ongoing crisis, click here. For the latest news and updates on COVID-19, check out reportr.world/covid-19.

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PHOTO: Geely
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