According to the latest data released by the China Association of Automobile Manufacturers, in March, China's automobile production and sales reached 2.687 million and 2.694 million respectively, with a month on month increase of 78.4% and 70.2%, and a year-on-year increase of 4% and 9.9%, respectively. After the holiday, a large number of new cars were launched, and offline activities such as car exhibitions were carried out one after another. Some regions introduced promotional policies such as exchanging old cars for new ones, driving a relatively fast growth in car sales compared to the previous year.

From January to March, the production and sales of automobiles reached 6.606 million and 6.72 million respectively, with year-on-year growth of 6.4% and 10.6%, achieving a good start in the first quarter.

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