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Chinese Automobile Sales Decline for 14th Time in 15 Months - CPCA

Auto News - Published on Wed, 11 Sep 2019

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China Passenger Car Association said that China's PV wholesales volume declined 8% over the previous year to 1,648,283 units in August, while climbed 6% compared with the July performance. PVs in this report refer to cars, MPVs, SUVs and minibuses locally produced in China. In August, SUV wholesales basically remained flat over the previous year. Besides, the car, MPV and SUV sectors all suffered double-digit sales drop. Chinese automakers sold a total of 13,339,453 PVs through August, down by 12.1% from the year ago period. The country's PV retail sales in August fell 9.9% from a year ago, versus the 5.3% decline and the 4.9% growth in July and June deliveries.

China's passenger car retail sales showed sign of recovery as dealers offered discounts to clear inventory before the China Emission Standard kicked in.

CPCA said that moreover, the wholesale volume of new energy PVs reached roughly 71,000 units, shrinking 15.5% over the previous year, while rising 6% compared with July. Of that, plug-in hybrid vehicle sales plunged 46%, which was severer than what the association expected.

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Posted By : Mohan Sharma on Wed, 11 Sep 2019
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