CPCA expects April passenger car retail sales volumes to total 1.6 million units
On April 25, the China Passenger Car Association (CPCA) announced that the April retail sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) and New Energy Vehicles (NEVs) are expected to total 1.6 million units and around 720,000 units, down 1.5% year-over-year (y/y) and up 37.1% y/