In March, a wave of new car models hit the market in Yichang. Combined with trade-in policies and automaker incentives, both foot traffic and sales at many 4S stores across the city have surged, bringing a spring revival to the local auto market.
The latest data shows that nearly 4,000 vehicle trade-in applications have been filed in Yichang so far, directly driving nearly 600 million yuan in car sales. The combined forces of policy incentives and market supply are driving a steady recovery in Yichang’s auto market, injecting strong momentum into consumer spending growth for the year. (Sanxia Daily: Reporters/Yang Chunyan and Wang Fei)