In June 2024, the Chinese Light Vehicle (LV) market demonstrated resilience amidst economic uncertainties, achieving commendable month-on-month (MoM) growth. Domestic LV sales, excluding exports, reached 2.1 million units, marking a 7.5% year-on-year (YoY) decrease but a 6.9% MoM increase.
In data: China price war eases as incentives kick in
GlobalData analysis suggests a lift in underlying demand in China's vehicle market as scrappage incentive kicked in
