SHANGHAI, Aug 29 (SMM) – Declines in China's retail sales of passenger vehicles in the third week of August (August 19-25) slowed from the previous two weeks, indicating slight recovery of the car market, the China Passenger Car Association (CPCA) said on Wednesday August 28.
Daily average retail sales of passenger vehicles during August 19-25 fell 17% from the same period last year to stand at 44,000 units. This compared with a year-over-year drop of 31% in the first week of August (August 1-11).
Retail sales improved in the second week of August (August 12-18), with a smaller year-on-year decline of 12%.
CPCA expects car sales to further improve in the weeks ahead.
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)
