Xinhua quoted China Association of Automobile Manufacturers said China's motor vehicle sector realized a production against sales ratio of 97.82% in May. Both output and sales, however, declined MoM for the second consecutive month.

China produced 854,100 motor vehicles in May down by 12.96% from April but up 20.2% over the same month of last year. It sold 835,500 vehicles down by 9.44% MoM but up by 17.04 YoY.

The total output included 591,400 passenger vehicles down by 10.2% from the previous month but up by 20.03% over a year earlier. The output of commercial vehicles was 262,700 units down by 18.61%MoM but up by 20.58% YoY.

The monthly sales included 564,600 passenger vehicles down by 6.66% from a month ago but up by 15.59% over a year earlier. Monthly sales of commercial vehicles were 270,900 down by 14.74% MoM but up by 20.18%YoY.

According to the report May saw 434,700 cars produced and 415,200 cars sold nationwide down by 11.49% and 6.6% respectively from April.