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China’s Auto Sales Are Again in the Fast Lane: Can It Last?

Annie Gilroy
China’s Auto Sales Are Again in the Fast Lane: Can It Last?

China’s total vehicle sales (XLY) climbed 9.6% in May to 2.3 million, followed by an 11.5% jump YoY (year-over-year) in April. According to the China Association of Automobile Manufacturers, rising consumer demand amid a strong domestic macroeconomic environment led to this strong gain. The sales in the first five months climbed 5.7% to 11.79 million units. April’s Beijing auto show might also have added to the growth in vehicle sales witnessed in May.