Industry Data

In data: Chinese market shows a positive recovery trend

GlobalData report shows a May uptick to China's light vehicle market

July 4, 2024

Credit: ADRIAN3388/Shutterstock.com

In May, the Chinese Light Vehicle (LV) market exhibited a steady uptick and continuous structural optimisation, reflecting a positive recovery trend. Domestic LV sales, excluding exports, reached 1.9 mn units, marking a 3.2% year-on-year (YoY) decrease but a commendable 5.0% month-on-month (MoM) increase.

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