Auto sales in China fell for a 14th consecutive month in August, and the number ...
BEIJING/SHANGHAI - Auto sales in China fell for a 14th consecutive month in August, and the number of new energy vehicles sold contracted for the second month in a row, data from the country’s biggest auto industry association showed.
Total auto sales fell 6.9% from the same month a year earlier to 1.96 million, the China Association of Automobile Manufacturers said on Wednesday. Sales of new energy vehicles fell 15.8% in August, CAAM said, following a 4.7% fall in July - their first decline since January 2017. NEV sales jumped almost 62% last year even as the broader auto market contracted.
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