China’s car market to maintain steady growth in H2 | 2018-09-23 | daily-sun.com

China’s car market to maintain steady growth in H2

    23 September, 2018 12:00 AM printer

BEIJING: China’s auto market is expected to sustain steady growth in the second half of the year, according to the Ministry of Commerce (MOC).

China’s overall auto sales were stable in the first eight months of the year, and the trend will continue in the coming months, said MOC spokesperson Gao Feng, report agencies.

More than 18 million cars were sold during the Jan.-Aug. period, a year-on-year increase of 3.5 percent, up from 3 percent for 2017, according to Gao.

He noted that passenger vehicle sales fell 4.6 percent year on year to 1.8 million in August, attributing the monthly drop to a high base last year, consumers’ wait-and-see attitude after auto tariff cuts effective from July, and a shrinking market for low-end cars due to consumption upgrading.


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