China’s new-vehicle market has rebounded for three straight months from the pandemic-battered year-earlier period, with retail sales jumping 29 percent in May, according to the China Automobile Dealers Association.
Some 1.74 million new sedans, crossovers, SUVs and multi-purpose vehicles were delivered in the country last month, the trade group said on Thursday.
In the first five months, the market expanded 4.2 percent to 7.63 million.
Demand for electrified vehicles remains robust, according to the CADA’s tally.
In May, retail sales of full electric and plug-in hybrid vehicles industrywide surged 61 percent to around 580,000, with year-to-date volume spiking 41 percent to 2.42 million.