Used vehicle sales kept shrinking in April in the wake of the coronavirus outbreak, albeit at a slower pace compared to the first three months.
Last month, used-vehicle deliveries across the country dropped 7.3 percent to some 1.1 million, the China Automobile Dealers Association said.
In the first four months, cumulative used-vehicle volume totaled 3.1 million, a slump of 30 percent from the same period last year.
By contrast, China’s new-vehicle sales rebounded in April, ending a 21-month decline, according to the China Association of Automobile Manufacturers.
During the month, nearly 2.1 million new vehicles were delivered in the country, an increase of 4.4 percent from a year earlier.
Through April, China’s new-vehicle sales fell 31 percent to below 5.8 million.
Overall, used-vehicle sales are expected to fall in 2020 after steady, robust growth over the past two decades.
In 2019, volume increased 8 percent to more than 14.9 million, following an 11 percent jump in 2018.