Shanghai (Gasgoo)- In July, the vehicle outputs and sales in China reached 2,042,800 units and 1,889,100 units respectively, falling 10.78% and 16.91% over the previous month, while edging down 0.66% and 4.02% over the previous year, according to the data released by the China Association of Automobile Manufacturers (CAAM).
Due to the torrid weather and the escalating China-U.S. tariff dispute, both vehicle outputs and sales in July presented depression versus the performance in June. However, for the first seven months, China still achieved year-on-year growth in PV and CV's outputs and sales, with a total of 16,100,300 vehicles produced and 15,954,700 vehicles delivered.The national PV outputs and sales last month were reduced 10.64% and 15.19% respectively from a month ago to 1,725,300 units and 1,589,500 units. The CV outputs and sales also faced apparent month-on-month decline of 11.52% and 25.01%, while climbed 6.65% and 3.34% compared with the same period in 2017.
As to the July sales of each PV segments, only the minibus posted a year-on-year sales jump of 29.74% with 35,600 units handed over. Compared with the performance in June, the sales of the car, SUV, MPV and Minibus all encountered double-digit drop in July. By the end of July, the year-to-date sales of the car and the SUV segments grew 4.57% and 7.3% from the year-ago period to 6,508,600 units and 5,597,000 units respectively. Meanwhile, the MPV and the minibus saw their Jan-July sales evidently shrink 13.82% and 21.44% year on year.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: firstname.lastname@example.org.