April could have been the first month with YoY growth for auto sales. This is really impressive. I posted earlier that VW expects a V shaped recovery in China. Many Chinese municipalities have introduced direct and or indirect meassures to boost the sale of new energy vehicles.
"#China Apr #auto sales estimated at 2M, +0.9% YoY, +39.8% MoM.Jan-Apr at 5.67M, -32.1% YoY.(CAAM)"
