BUSINESS China's passenger car sales expand in August

BUSINESS

China's passenger car sales expand in August

Xinhua

21:49, September 12, 2020


BEIJING, Sept. 12 (Xinhua) -- Sales of passenger cars in China rose in August as the industry recovered rapidly, data released by the China Passenger Car Association showed.

5a6f2aeda8c64bd0bef91eb7ff1a14ae.jpg

File photo by VCG

The retail sales of passenger vehicles expanded 8.9 percent to reach 1.7 million units last month, registering the fastest growth since May 2018, the association said in its latest monthly report.

Better-than-expected car exports and expanding sales of new energy vehicles contributed to strong passenger car sales growth in July and August, the report said.

In the first eight months, passenger car sales fell 15.2 percent year on year. The decline narrowed by 3.3 percentage points compared with the January-July period, the report showed. 

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