CAAM: China's auto sales fall 3.8% YoY over Jan-Aug

China's cumulative auto sales (including exports) and production reached 20.32 million units and 20.26 million units respectively over January-August, both down by 3.8% on year, according to the latest release by the China Association of Automobile Manufacturers (CAAM) on September 10.

For August alone, China's auto sales and production declined by a larger 5.1% and 4.7% on year to sit at 2.71 million units and 2.68 million units, as against the minimal 0.3% and 0.7% fall recorded in July, the CAAM data showed. The on-year decline once again reflected the cooling momentum in China's auto industry, especially in the