China's auto trade-ins exceeded 5 million units as of Monday under a mass renewal program initiated in March, the Ministry of Commerce said Tuesday.
Of the total, consumers scrapped more than 2.44 million cars and purchased 2.59 million new cars with auto trade-in subsidies.
Of the total, consumers scrapped more than 2.44 million cars and purchased 2.59 million new cars with auto trade-in subsidies.