Chinese CVs Sales Exceed 276,000 Units in August
2012-09-12 Source：www.chinabuses.org
Summarize：A total of 276,300 commercial vehicles were sold in China in August. The number is 6.6 percent less than the amount sold in July and 3.4 percent lower than last August's sales result. 272,900 commercial vehicles were manufactured during the month, 8.2 percent lower than the previous month and 1.2 percent lower than last year.
www.chinabuses.org: A total of 276,300 commercial vehicles were sold in China in August. The number is 6.6 percent less than the amount sold in July and 3.4 percent lower than last August's sales result. 272,900 commercial vehicles were manufactured during the month, 8.2 percent lower than the previous month and 1.2 percent lower than last year.
Production and sales amounts for commercial vehicles for the first August months of the year were 2.4561 million units and 2.5207 million units, respectively. The figures are 7.2 percent and 8.9 percent lower than last year.
Vehicle sales in China rose 8.3 percent in August from a year earlier, maintaining a steady pace though far from the blistering speed of recent years, as a recent fuel price rise and a slowing economy discouraged consumers from buying.
The market is likely to improve in September when the peak auto selling season begins, but even then the growth rate is expected to be far from the rapid expansion of three years ago, industry observers say.
Industry-wide sales including passenger cars and commercial vehicles came to 1.5 million in August from a year ago, according the China Association of Automobile Manufacturers (CAAM).
Vehicle sales in the first eight months came to 12.47 million, up 4.1 percent from a year earlier, according to CAAM.
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