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CAAM: China’s August auto sales fall 18% YoY

ABSTRACT

The performance of China’s auto industry declined for the fourth consecutive month in August, with automotive sales and production dropping by 17.8% and 18.7% on-year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on September 10 showed.
Last month, total vehicle sales reached 1.8 million units, also down 3.5% from July, while output totalled 1.73 million units, lower by 7.4% on month, according to the data. Despite the on-month decline, the total over January-August showed that automobile sales had increased by 13.7% on year to 16.6 million units,

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