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CPCA: CN May Imported Vehicles 38,000 Units Down 19% YoY
2026-06-29 12:28:34 Mainland China imported 38,000 vehicles in May, down 19% YoY, China Passenger Car Association (CPCA) Secretary-General Cui Dongshu wrote in an article. However, owing to a low base in January 2025, and despite transportation disruptions caused by the US-Iran war, the overall decline in imported vehicles was relatively mild. In 5M26, vehicle imports totaled 160,000 units, down 11% YoY. With the rise of domestic brands and the acceleration of localization by international brands, vehicle imports have remained sluggish in recent years. Imported vehicles have recorded negative growth for three years in a row, and after ironing out fluctuations, this marks eight consecutive years of negative growth. ~ AASTOCKS Financial News Website: www.aastocks.com | |