Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's passenger car sales down 5.3 pct in July

August 12, 2019


Abstract : China's passenger car sales fell 5.3 percent year on year in July, with a total of 1.5 million passenger vehicles sold, according to the China Passenger Car Association (CPCA).

BEIJING, Aug. 12 (Xinhua) -- China's passenger car sales fell 5.3 percent year on year in July, with a total of 1.5 million passenger vehicles sold, according to the China Passenger Car Association (CPCA).

Excluding minivans, passenger car sales declined 5 percent year on year in July and 8.8 percent in the first seven months compared with one year earlier.

The country's new energy passenger vehicles soared 53.7 percent year on year to 645,000 units during the January-July period.

CPCA saw potential recovery of passenger car sales in August despite signs of a short-term slip, as a slew of new makes are to hit the market.

The association also expects long-term growth incentive for China's auto market after the country vowed against using real estate as a short-term means of stimulating the economy, saying it may cut debt for Chinese individuals and families.

China, the world's largest auto market, saw a drop in car sales for the first time in over two decades in 2018.

To boost car sales, the government announced a series of measures, such as prohibiting local governments from imposing any limit on the consumption and use of new energy vehicles.


Scan the QR code and push it to your mobile phone

Keyword: passenger-vehicle-sales

Reading:

Germany's Stroeer benefits from digitalisation of advertising media

Chinese exports exceed all expectations – and so does the deficit

Political stability to boost customer confidence and drive the housing market to sustain growth in H2 2019, says Thai HBA

China sees rapid growth in film merchandising amid challenges: newspaper

BYD NEV sales up 73 pct in Jan-July period

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial