Retail sales of passenger cars in the narrow sense in April are expected to be approximately 1.63 million units

According to data from the Passenger Association of China, in March, the retail sales of China's narrow passenger car market reached 1.
754 million units, a year-on-year increase of 67.
4%; The total number of units in the first quarter was 5.
094 million units, a y/y increase of 68.
9%, which was comparable
to the sales volume of the same period in 2019.
In April, retail sales of passenger cars in the narrow sense are expected to be around 1.
63 million units, up 13.
9%
y/y.

According to dealer surveys, the retail sales target of major passenger car manufacturers in April this year increased by 8% year-on-year, of which the retail sales of passenger cars in the narrow sense of the main manufacturers in the first week of April were 250,000 units, an average daily decrease of 0.
5% year-on-year; Retail sales in the second week reached 229,000 units, up 4.
0% y/y.
Retail sales in the third week are expected to be 260,000 units; It is expected to increase by 8.
5% year-on-year on a daily average; Retail sales in the fourth week are expected to be 500,000 units, and the average daily sales are expected to be the same
as last year.

According to preliminary estimates, the narrow passenger car retail market in April was about 1.
63 million units, a y/y increase of about 13.
9%.