-- China's car exports hit nearly 700,000 vehicles in March, up 74% year on year despite shipment disruptions from the Middle East crisis, Reuters reported Thursday.
The growth outpaced the 54% rise recorded in the first two months, according to the report.
However, March domestic sales were down 15% to 1.7 million vehicles, the sixth consecutive month of decline, Reuters wrote. High fuel prices and reduced electric vehicle incentives are bearing down on local demand.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)