New-vehicle sales rebound 67% in March, CAAM estimates

China’s new-vehicle sales in March kept rebounding from a year earlier when vehicle demand was curbed by the coronavirus outbreak, surging 67 percent to 2.38 million, the China Association of Automobile Manufacturers estimates.

Last month, demand for new light vehicles including sedans, crossovers, SUVs, multipurpose vehicles and minibuses rallied 73 percent. 

Sales of new commercial vehicles including trucks and buses jumped 56 percent, according to the preliminary tally the industry body released Thursday. 

For the first quarter, new-vehicle deliveries across China shot up 73 percent year on year to exceed 6.34 million. 

In the period, the number of new light vehicles delivered advanced 74 percent while the volume of new commercial vehicles rose 71 percent, according to the estimates. 

The industry body didn’t break down its estimated sales volumes for light vehicles and commercial vehicles. It is expected to disclose those numbers later this month.