乘联分会：中国4月狭义乘用车零售销量同比增长14.5%，环比下降9.4%。

Core Insights - In April, China's narrow passenger car retail sales increased by 14.5% year-on-year, indicating a positive growth trend in the automotive market [1] - However, there was a month-on-month decline of 9.4%, suggesting potential seasonal fluctuations or market adjustments [1] Industry Summary - The year-on-year growth of 14.5% reflects strong consumer demand and recovery in the automotive sector post-pandemic [1] - The month-on-month decrease of 9.4% may indicate a typical seasonal pattern or a response to market saturation [1]