According to recent data compiled by the China Association of Automobile Manufacturers, the import of complete vehicles in April 2023 showed promising performance compared to the previous month.
Here are the key highlights:
Import Volume: The number of imported vehicles increased by 62,000 units, marking an 8.8% growth compared to the previous month. However, it experienced a significant decrease of 32.6% compared to the same period last year.
Import Value: The total import value of vehicles was $3.64 billion, indicating a decrease of 26.5% compared to the same period last year and a decrease of 40.9% compared to the same period last year.
Vehicle Categories: Among the major imported vehicle categories, sedans and small passenger cars experienced an increase in import volume compared to the previous month. However, the import volume of SUVs witnessed a rapid decline. These three categories accounted for 91.8% of the total vehicle imports.
January to April 2023: From January to April, the import volume of sedans, SUVs, and small passenger cars all experienced significant decreases compared to the same period last year. These three categories accounted for 91.1% of the total vehicle imports.
Stay tuned for more updates on the import trends in the automotive industry!
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Post time: Jun-22-2023