Cui Dongshu: The year-on-year growth rate of passenger car retail sales in April was the highest in the same period in nearly ten years, weakening the quarterly cyclical characteristics of the automobile market.

According to Zhixun Finance APP, on May 12, Cui Dongshu stated in his personal WeChat account that this year the national policy of replacing old with new started early, the subsidy policy was put in place, the market saw good growth at the beginning of the year, and as a result, the price war was relatively mild. The state of industry polarization improved due to the market growth, and the retail growth rate in April this year was the highest in nearly 10 years compared to the same period of a normal year, reversing the trend of low retail growth rate in April in the past 10 years, further weakening the quarterly cyclical fluctuations in the automotive market.