China Association of Automobile Manufacturers: Automobile retail sales in April 2022 fell by more than 30% year-on-year

In April 2022 , affected by the epidemic, consumption capacity and confidence declined significantly. According to data from the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, in April 2022 , automobile retail sales fell sharply year-on-year. The monthly sales were less than 300 billion yuan, only 256.7 billion yuan, a year-on-year decrease of 31.6% , an increase of 24.1 percentage points from the previous month, 20.5 percentage points higher than the total retail sales of consumer goods in the same period, accounting for 8.7% of the total retail sales of consumer goods in the whole society , significantly lower than the previous month.

In January-April , automobile retail sales reached 1,333.5 billion yuan, down 8.4% year-on-year , with the decline widening by 8.1 percentage points from January-March , accounting for 9.7% of the total retail sales of consumer goods in the whole society .