China car daily sales in 4th week of Aug rise 31% on year: CPCA

SHANGHAI, Sep 4 (SMM) – Daily retail sales of passenger vehicles in China averaged 100,000 units in the fourth week of August (August 26-31), up 31% from the same period last year, the China Passenger Car Association (CPCA) said on September 4.

This will narrow the year-over-year sales decline for the full month to 6%, after posting a drop of 21% in the first three weeks.

PV retail sales averaged 27,000 units per day in the first week of August (August 1-11), and the figure rose to 38,000 units in the second week (August 12-18) and further climbed to 44,000 units in the third week (August 19-25).