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China’s Vehicle Sales Declined for the Second Month in 2018

John Parker
China’s Vehicle Sales Declined for the Second Month in 2018

According to data provided by the China Association of Automobile Manufacturers, China’s vehicle sales were at ~1.89 million vehicle units in July. The number reflected an ~4.0% drop from China’s auto sales in July 2017. July was the second month in 2018 that China’s vehicle sales fell on a YoY (year-over-year) basis. China’s vehicle sales fell 11.1% YoY in February due to the Chinese New Year holiday. In June, China’s auto sales increased 4.8% YoY to 2.27 million units.