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China's auto sales dip for 14 straight months

Monika From Gasgoo| September 11 , 2019

Shanghai (Gasgoo)- Vehicle sales in China, the world's largest auto market, presented the 14th-month-in-a-row year-on-year decline as of August, 2019.

China auto sales August 2019, China SUV sales August 2019, China automotive news

In August, China's auto sales reached 1.958 million units, rising 8% over the previous month, while still falling 6.9% over the previous year.

Both PV and CV businesses faced downturn in August sales.

The country's auto outputs in August edged down 0.5% from the prior-year, substantially less than the 11.9% decrease in July outputs. Of that, the August CV sales even climbed 0.9% to 298,000 units.

The growth in Jan.-Aug. auto sales still remained negative.

China auto sales August 2019, China SUV sales August 2019, China automotive news

PV sales in August dropped 7.7% over the year-ago period, versus a 9.5% decrease in July's volume. The SUV sales slightly grew 1.5% from the previous year, which offset the noticeable downturn in sales volume of cars, MPVs and minibuses.

Compared to July, 2019, PV sales showed an increase of 7.9% thanks to the rising performance of cars, SUVs and MPVs. However, none of them achieved growth in year-to-date sales.

China auto sales August 2019, China SUV sales August 2019, China automotive news

According to the association, the sales volume of China's indigenous PV brands totaled roughly 614,000 units, up by 10.3% from the previous month, while down by 10.2% compared with the same period in 2018. They accounted for 37.2% of total August PV sales, 0.8 percentage points more than that of July.

China's homegrown PV brands sold approximately 5.178 million vehicles through August, a year-on-year decrease of 19.5%.

New energy vehicle business was again hit by downturn after July. Last month, around 85,000 NEVs were sold in China, down by 15.8% over the year-ago period.

Affected by the decrease in July and August, the growth in China's year-to-date NEV sales volume was contracted to 32%.

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