China's auto production and sales begin to show signs of recovery

　　China News Agency, Beijing, April 11 (Reporter Yan Xiaohong) China's auto production and sales have begun to show signs of recovery. The China Association of Automobile Manufacturers revealed on the 11th that China's auto production and sales performed well in March this year, the highest level of production and sales in March over the years, among which the growth rate of commercial vehicles was higher than that of passenger vehicles. In the first three months of this year, China's auto production and sales fell by 1.8% and 3.4% year-on-year, and compared with January to February, the decline further narrowed.

　　According to reports, after several months of sluggishness, China's auto production and sales in March this year saw growth both month-on-month and year-on-year. Auto production and sales were 1.8806 million units and 1.8386 million units, an increase of about 17% month-on-month and 3.4% year-on-year. % and 1.0%. Overall, China's auto production and sales in the first quarter of this year were 4.7842 million and 4.7927 million, down slightly to -1.8% and -3.4% from the same period last year.

　　According to the analysis of the relevant person in charge of the China Association of Automobile Manufacturers, the production and sales of automobiles in the first quarter fell slightly year-on-year, mainly due to the high base in the same period last year. According to the completion of the first quarter of this year, it is expected that the possibility of positive growth in China's auto production and sales this year will be greater than negative growth.

　　In addition, China's auto exports have continued to grow steadily this year. In the first three months of this year, China's auto exports reached 191,300 units, a year-on-year increase of 21%.

　　It is worth noting that at the end of March this year, the inventory of Chinese auto companies was 733,300 vehicles, an increase of 41,000 vehicles from the end of February, but a decrease of 12,300 vehicles from the end of 2011. The China Association of Automobile Manufacturers said automakers' inventories were at normal levels.