Shanghai (Gasgoo)- In May 2021, automakers in China sold around 1.639 million locally-produced passenger vehicles (only including cars, SUVs, MPVs, and minibuses), representing a year-on-year decrease of 2.1% and a month-on-month drop of 3.3%, according to the China Passenger Car Association (CPCA).
The sales decline significantly resulted from the industry-wide chip supply constraint which forced many automakers to reduce production volumes.
Compared to the prior-year period, the MPV is the only segment that achieved growth last month. Car wholesales remained flat over the previous year, while SUV sales fell 4.9%.
Regardless of the slight decline in May, year-to-date PV wholesales still leapt 38.4% from a year ago to 8.41 million units due to the low base for the year-ago period. The growth in car and SUV sales stood at 38.5% and 38.6% respectively.
Among the top 10 locally-made…