THE China Association of Automobile Manufacturers (CAAM) said the country’s vehicle sales dropped to 2 million in April, down 0.5 percent from the same month a year earlier, as a slowing economy continues to weigh on the domestic auto industry.
The April decline compares with a modest 3.3 percent year-on-year rise in March, and a 0.2 percent drop in February.
At a news briefing in Beijing yesterday, CAAM said sales increased 2.8 percent in the first four months of 2015, compared with the same period a year earlier. That was below a 3.9 percent rise in the first three months.
CAAM in January said it expects sales of both passenger and commercial vehicles to grow 7 percent to 25.1 million this year. But it said in April that annual sales could grow less than last year’s 6.9 percent.(SD-Agencies)
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