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

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Economy, Top News
imageEconomy4 hours ago (Aug 04, 2020 07:45AM ET)

(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

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