Automobile retail sales inChinaare expected to see a rise of 18% year on year in July to reach 1.1 million units, according to the China Passenger Car Association (CPCA).
As of July 21, the daily auto sales averaged 31,300 units, up 27% year on year but down 6% from the previous month, the latest data released by the CPCA showed.
Automobile sales posted strong growth in the first half of the year, despite the country's lackluster economic performance, said the China Association of Automobile Manufacturing (CAAM) earlier this month.
Sales grew by 12.34% year on year to 10.78 million units, 9.41 percentage points higher compared with the same period last year. Output grew 12.83% to 10.75 million units, 8.75 percentage points higher than a year earlier, according to the CAAM.
(Edited by Olivia, Olivia@tireworld.com.cn)
