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China’s Vehicle Sales Continued to Fall for the 2nd Month in a Row

John Parker
China’s Vehicle Sales Continued to Fall for the 2nd Month in a Row

According to the data provided by the China Association of Automobile Manufacturers, Chinese market vehicle sales (IYK) stood at ~2.10 million vehicle units in August 2018, a ~3.8% drop from August 2017. August was the second consecutive month and the third month in 2018 so far that China’s vehicle sales dropped on a YoY (year-over-year) basis. Sales fell 11.1% in February and by 4.0% YoY in July.