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CAAM: China’s July auto sales down 11.9% YoY


The performance of China’s auto industry declined on year for the third successive month in July, with automotive sales and production falling by 11.9% and 15.5% respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on August 11 showed.
Last month, total vehicle sales reached 1.86 million units, also down 7.5% from June, while output totalled 1.86 million units, lower by 4.1% on month, according to the data. Despite the declines, the total over January-July showed that automobile sales had surged by 19.3% on year to 14.76 million units, while


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