China's automobile production and sales both dropped in April from a record high in March, new data showed Friday.
Honda Motor Co Ltd and its two local joint ventures sold 58,398 automobiles in China in April, down 3.6 percent from a year earlier.
Toyota Motor Corp and its two local joint-venture partners sold about 85,800 automobiles in China in April, up 12.4 percent from a year earlier, the automaker said on Wednesday.
General Motors Co, seeking to wrest back China market leadership from German rival Volkswagen AG, saw sales growth in the country slow in April to their lowest level in 14 months.
Customer satisfaction is challenging China's auto dealers amid growing sales and increasing market uncertainty, according to an industry insider.
Many cars at the ongoing Beijing auto show can momentarily seize the attention of visitors, but such scenes can hardly tell what sorts of automobile are customers' favorites.
Volvo Group reports market growth in mature economies of North America, Western Europe and Japan in the first quarter of 2014.
China's private carmaker BYD Co posted net profit plummeted to $1.9 million in the first three months, while revenue dropped 9 percent from a year earlier.
South America has become China's largest auto export market after rapid growth in recent years, the China Association of Automobile Manufacturers said on Friday.
China's auto sales amount to 2.17 million units in March, up 35.8% from 1.6 million units in February.
Passenger vehicle sales rose 9% year-on-year in March, driven by delayed new model launches ahead of the Beijing auto show and a rush to buy before curbs were introduced by the Hangzhou government.
German car producer Audi AG reached the best first quarter of its history in China, selling 124,520 automobiles.
With inventories rising amid an intense price war, auto dealers in China are having a tough time making a profit.
The number of vehicles in China reached 253 million by the end of February, with a monthly increase of 1.6 million this year, police authorities announced on Wednesday.
China's private automotive and battery manufacturer BYD announced on Wednesday in a financial statement that it earned 52.9 billion yuan ($8.5 billion) in sales in 2013.
The number of automobiles on China's roads increased by more than 3.2 million in the first two months of 2014, the Ministry of Public Security revealed on Wednesday.
Although the Lunar New Year holiday essentially shut down business for a week in February, domestic passenger vehicle sales still grew 18% year-on-year, exceeding industry expectations.
China's automobile sales dropped in February from a record high seen in January, new data showed Monday.
Italy's Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion).
European car sales rose 5.2 percent in January, with increases in previously crisis-hit countries such as Greece, Ireland, Italy and Portugal.
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