Auto output, sales decline month-on-month
Auto output, sales decline month-on-month
Aug. 18 - Automobile output and sales in China tumbled last month from June, according to an industry organization.
Vehicle output stood at 444,900 units in July, down 10.72 per cent from the previous month, according to figures from the China Association of Automobile Manufacturers.
Sales of domestically-made vehicles dropped 16.11 per cent to 433,200 units.
"The decline (in production) mainly resulted from fewer working days at auto plants due to the hot weather and power shortages," said Zhu Yiping, the spokeswoman of the auto association.
There have been no signs of a price war in the domestic car market so far this year.
(Source: China Daily)
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