China's May vehicle sales fall 12.6%, industry body says

China First Capital

10/06/2022 08:31

SHANGHAI, June 10 (Reuters) - China's May auto sales fell
12.6% year on year for the third consecutive monthly decline as
the nation's measures to combat the spread of COVID-19 continued
to drag on the market. 
    Overall sales in the world's biggest car market fell to 1.86
million vehicles in May, data from the China Association of
Automobile Manufacturers (CAAM) showed.
    However, May sales were up 57.6% from April, when the market
was badly hit by COVID-19 lockdowns in several cities. 

 (Reporting by Zhang Yan and Brenda Goh
Editing by David Goodman
)
 ((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters
Messaging: brenda.goh.thomsonreuters.com@reuters.net))