Commercial Vvehicle sales and production decline in China during Q1

Bus segment offers some growth

Commercial vehicle (CV) sales and production declined in China in March, bringing down overall growth in the first quarter of the year, according to data from the Chinese authorities, the China Association of Automobile Manufacturers (CAAM), and the China Automotive Technology Research Center (CATARC). These data are for locally produced products only, and do not include imports. In China, CV production was 355,000 units in March, down 21.7% year on year (y/y), while sales of CVs dropped 19.4% y/y to 370,200 units. In the first quarter, a total of 891,500 CVs were produced in China, down 18.4% y/y, while a total of 847,900 CVs were sold in China, down 19.5% y/y.