China’s passenger car sales so far in July rose on year, but declined from June
STOCKS
China’s passenger car sales so far in July rose on year, but declined from June
STOCKS

China’s passenger car sales so far in July rose on year, but declined from June

 

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China’s retail sales of passenger vehicles reached about 425,000 units in the week of July 18 – 24, rising 25% from the same period last year and rising 27% from the previous week, but down 9% from the same period last month, according to the China Passenger Car Association.

Wholesale volume of passenger vehicles reached about 473,000 units in the week, surging 47% from a year earlier, rising 32% from the previous week, but down 10% from the same period last year, said the association.

In the period of July 1 – 24, retail sales of passenger vehicles reached about 1.16 million units, rising 19% from a year earlier, but down 10% from the same period last month, showed the data.

Wholesale volume of passenger cars reached 1.24 million units in the same period, rising 32% year over year, but falling 8% from a month earlier, it said.