CAAM: China’s H1 auto sales down YoY, June up MoM
Jul 11, 2019 08:40
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Production and sales of automobiles in China in this year’s first half continued trending down, though June sales witnessed a month-on-month increase, thanks to the temporary demand recovery from the implementation of new exhaust emission standards from July 1, Mysteel Global learned from the latest release from the China Association of Automobile Manufacturers (CAAM) on July 10.
Sales of all types of vehicles in H1 dropped 12.4% on year to 12.3 million units while sales for June alone totalled 2.06 million units, up 7.5% compared with May but down 9.6% on year, the statistics showed. The pace of the year-on-year decline in June slowed by a marked