BUSINESS CAAM: China's vehicle sales expected to rise 15% in July

BUSINESS

CAAM: China's vehicle sales expected to rise 15% in July

China Daily

15:05, August 06, 2020

A staff member of FAW introduces automobile models to a customer during the 17th China Changchun International Automobile Expo in Changchun, Northeast China's Jilin province, on July 13, 2020. (Photo: Xinhua)

China's vehicle sales in July are estimated to total around 2.08 million, up 14.9 percent from the same month last year, said the China Association of Automobile Manufacturers on Wednesday.

The association said the forecast was made based on sales data it had collected from key carmakers in the country.

Passenger vehicle sales went up 5.3 percent in the month, while commercial vehicles including buses and trucks surged 59.6 percent, the association said.

Many carmakers' sales rose last month. Ford's premium arm Lincoln sold 5,600 vehicles, up 53 percent year-on-year. Sino-Japanese joint venture Dongfeng Honda delivered 94,238 units, up 13.5 percent from the same month last year.

Despite the rebound, the association expected vehicle sales from January to July to fall 12.7 percent year-on-year to 12.34 million units because of the slump in the first half, which was primarily the result of the coronavirus pandemic.

The association expects vehicle sales to further improve in the second half of the year, but China's auto market is likely to see a double-digit fall for the entire year, the association said.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue