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.
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