China Association of Automobile Manufacturers (CAAM): Production and Sales of Automobile From January to August Dropped by 12.1% and 11.0% Respectively

China Association of Automobile Manufacturers (CAAM): Production and Sales of Automobile From January to August Dropped by 12.1% and 11.0% Respectively
China Association of Automobile Manufacturers (CAAM): Production and Sales of Automobile From January to August Dropped by 12.1% and 11.0% Respectively

According to the production and sales figure of August released by CAAM, 1.991 million and 1.958 million automobiles were produced and sold respectively in August this year, representing a year-on-year decrease of 0.5% and 6.9%. Production and sales of automobile from January to August, stood at 15.939 million and 16.104 million respectively, a year-on-year drop of 12.1% and 11.0% respectively. But the decrease in production and sales is smaller compared with the period of January to July.

Production and sales of new energy vehicles reached 87,000 and 85,000 respectively in August, a year-on-year drop of 12.1% and 15.8% respectively. Production and sales of new energy vehicles from January to August stood at 799,000 and 793,000 respectively, a year-on-year increase of 31.6% and 32.0%respectively.

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