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Prices of locally produced vehicles decline in March

BEIJING— Prices of locally produced vehicles in March 2013 dropped 0.38 percent month-on-month, but rose 0.44 percent year-on-year, according to the data released by National Development and Reform Commission (NDRC)’s survey on a 36 large and medium cities nationwide.

Price of passenger vehicles in the month rose 0.87 percent on a yearly basis, but that of commercial vehicles remained a decline of 0.05 percent.

In addition, the price drop rate of imported vehicles, according to the data, reached 2.47 percent compared to last March.

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