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Home->Fastener News->China's auto sales rise 4.1% in AugustYou are the 256762 visitors
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China's auto sales rise 4.1% in August

China's auto sales rose 4.1% in August from the same month a year earlier, driven by strong demand for SUVs, an industry group reported Monday.

Drivers in the world's biggest market by number of vehicles sold purchased almost 1.9 million SUVs, sedans and minivans, according to the China Association of Automobile Manufacturers. Total vehicle sales, including trucks and buses, rose 5.3% to almost 2.2 million.

SUV sales rose 17.7% to 774,000 while sedan sales edged up 1.6% to 933,000.

Auto sales for the first eight months of the year rose 2.2% from a year earlier to 14.8 million, down sharply from 2016's full-year growth of 15%.

Sales growth this year has been relatively weak in comparison with a spike in demand last year as buyers moved up purchases to take advantage of a temporary sales tax cut. Demand cooled after a portion of the tax was restored in January.

Source: USA Today

2017/9/13 12:02:00

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