In March, the automobiles continued to decline on yearly basis. But the decrease rate obviously narrowed comparing with the first two months. This month, the production and sales of automobiles in China reached 2,558,000 and 2,520,000 units respectively, up 81.5% and 70.1% than that of last month, but down 2.7% and 5.2% year on year. The decrease rate shrank 14.7 percentage points and 8.6 percentage points than the same period last year.
For the first quarter, the production and sales of automobiles were 6,336,000 and 6,372,000 units respectively, down 9.8% and 11.3% year on year. The decrease rate shrank 4.3 percentage points and 3.6 percentage points comparing with the first two months.