China auto market shows overall slowdown in April
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E-mail Xinhua, May 12, 2015
The Chinese auto market has seen an overall downturn in April, with sales down some 11-percent month-on-month to 2 million units.
![Photo taken on April 20, 2015 shows the Audi R8 V10 plus displayed in the Auto Shanghai 2015, east China's Shanghai. A total of 1,343 complete vehicles were on display, including 103 new energy vehicles and 47 concept cars. [Photo:Xinhua/Chen Fei]](http://images.china.cn/attachement/jpg/site1007/20150512/7427ea210acc16bbd3e111.jpg "Photo taken on April 20, 2015 shows the Audi R8 V10 plus displayed in the Auto Shanghai 2015, east China's Shanghai. A total of 1,343 complete vehicles were on display, including 103 new energy vehicles and 47 concept cars. [Photo:Xinhua/Chen Fei]") |
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Photo taken on April 20, 2015 shows the Audi R8 V10 plus displayed in the Auto Shanghai 2015, east China's Shanghai. A total of 1,343 complete vehicles were on display, including 103 new energy vehicles and 47 concept cars. [Photo:Xinhua/Chen Fei] |
The China Association of Automobile Manufacturers is reporting sales volumes are down 0.5-percent year-on-year through April.
However, the downturn through last month appears to be an aberration, as passanger vehicle sales through the first 4-months of the year are up by some 8-percent compared to last year.
The sale of SUV's are up almost 50-percent so far this year.
For more on this, we're joined on the line by Gao Shang, analyst with Guantong Futures.
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