China's passenger car retail sales fall 31% on year in 1st week of Aug-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • Zinc
  • Macroeconomics
  • Inventory data
  • MMi Iron Ore Port Index
  • Aluminium
  • Sales data
  • trend forecast
  • Operation update
  • Operating rates
  • iron ore
  • Wanbao Minerals
  • Nickel
  • Market commentary

China's passenger car retail sales fall 31% on year in 1st week of Aug

Data Analysis 06:42:20PM Aug 14, 2019 Source:SMM

SHANGHAI, Aug 14 (SMM) – China's retail sales of passenger vehicles in the first week of this month, (August 1-11), shrank 31% from the same period a year ago, worse than a year-over-year decline of 6% in the first week of July, the China Passenger Car Association (CPCA) said on Wednesday August 14. 

During August 1-11, daily retail sales of passenger vehicles averaged 27,000 units, CPCA data showed. 

Most carmakers have yet to resume from summer break, which may result in the recent weakness in the car market. 

Key Words:  Market commentary  Car 

China's passenger car retail sales fall 31% on year in 1st week of Aug

Data Analysis 06:42:20PM Aug 14, 2019 Source:SMM

SHANGHAI, Aug 14 (SMM) – China's retail sales of passenger vehicles in the first week of this month, (August 1-11), shrank 31% from the same period a year ago, worse than a year-over-year decline of 6% in the first week of July, the China Passenger Car Association (CPCA) said on Wednesday August 14. 

During August 1-11, daily retail sales of passenger vehicles averaged 27,000 units, CPCA data showed. 

Most carmakers have yet to resume from summer break, which may result in the recent weakness in the car market. 

Key Words:  Market commentary  Car