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- China's auto sales down 12.4% in June - CAAM
China's auto sales down 12.4% in June - CAAM
Reuters reports that data from the China Association of Automobile Manufacturers (CAAM) showed that auto sales in China, the world’s biggest car market, fell 12.4% in June from the corresponding month a year earlier. Overall sales stood at 2.02 million vehicles in June.
The country sold 12.89 million vehicles between January and June, up 25.6% from year-ago levels.
Sales of new energy vehicles (NEVs) including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles maintained their strong momentum, jumping 139.3%, with 256,000 units sold last month.
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