NOTE: No news updates over Sept 20-21 due to the Mid-Autumn Festival in China.
UTC+8 ( BJT)

CAAM: China’s June auto sales fall 12.4% on year

ABSTRACT

Auto sales and production in China in June declined on year for the second successive month, falling by 12.4% and 16.5% respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on July 9 showed.
Last month, total vehicle sales reached 2 million units, also down 5.3% from May, while output reached approximately 1.94 million units, lower by 4.8% on month, according to the data. Despite the declines, the totals for the full January-June half showed that automobile sales surged by 25.6% on year to 12.89

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227