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CAAM: China's auto sales in July surge 30% on year

ABSTRACT

Sales and production of automobiles throughout China increased on year in July by 29.7% and 31.5% respectively, according to the latest data released by the China Association of Automobile Manufacturers (CAAM) on August 11.
Compared with June, last month's total vehicle sales slipped by 3.3% on month to 2.4 million units, while output amounted to 2.5 million units, edging down by 1.8% on month, CAAM's data showed.   In the first seven months of 2022, China's total vehicle sales eased by 2% on year to 14.5

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