
China auto sales expected to rise 15% in July: industry body

(C) Reuters. New cars are seen at a parking lot in Shenyang
BEIJING (Reuters) – China’s auto sales for July are expected to rise 14.9% year-on-year to 2.08 million vehicles, the country’s top auto industry body said in a post on its official WeChat account on Tuesday.
The China Association of Automobile Manufacturers (CAAM) said its forecast was based on sales data it had collected from key companies, without giving further details.
It expects January to July auto sales in China, the world’s biggest auto market, to fall 12.7% year-on-year to 12.34 million units.
China auto sales expected to rise 15% in July: industry body
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.