China's March passenger car sales fell 41% Y/Y in March to 1.08M units, according to data released by the China Passenger Car Association. The sharp drop wasn't surprising amid the efforts to control the COVID-19 outbreak.
Electric vehicle sales were 47.1K units during the month, including 10,160 units for Tesla (NASDAQ:TSLA).
CPCA expects overall April sales to be stronger than the March tally.
Related stocks: Volkswagen (OTCPK:VWAGY), Honda (NYSE:HMC), General Motors (NYSE:GM), Geely Automotive (OTCPK:GELYF), Toyota (NYSE:TM), Ford (NYSE:F), Great Wall (OTCPK:GWLLF).
Source: seekingalpha.com