Car sales in China stay flat in March amid price war, industry data show

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March vehicle sales in China were 1.61 million units, the China Passenger Car Association said on Monday. In the first three months of 2023, sales had fallen 13.4% to 4.33 million units

Growth in sales of China’s passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand.

Sales of new energy vehicles , which include pure battery electric cars and plug-in hybrids, rose 21.9 per cent in March and accounted for 34 per cent of the month’s sales, the data showed.accounted for 14 per cent. China imposed strict COVID-19 lockdowns in major cities, such as its commercial hub of Shanghai, in April 2022.

 

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