Auto Sales Down in July
12 August 2008
According to China Association of Automobile Manufacturers (CAAM) says that 488,200 domestically produced auto were sold nationwide in July, down 17.02 percent month-on-month. The decline occurred because many automakers conduct checks on factory equipment in July and August and give employees a summer break.
However, sales from January to July were up 15.79 percent year-on-year, which indicated still-increasing domestic demand.
Source : english.chinabuses.com
Editor : Frederick
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