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China Car Sales Down In July

CHINA PRESS

China's domestic retail car sales hit 1.7 million units in July, down 2.8% y/y and 2.6% m/m, according to the China Association of Automobile Manufacturers. Consumers have purchased 11.5 million cars so far this year, up 2.3%, with conventional fuel vehicles selling 6.5 million units, down 15% y/y, the association said. Retail sales of new energy vehicles in July reached 878,000 units, up 36.9% y/y and 2.8% m/m.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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