Chinese automobile sales in Jul’24 fell by 11.4% m-o-m to 2.262 million units as against 2.552 million units in Jun’24, as per data from the China Association of Automobile Manufacturers (CAAM). In addition, sales volumes saw a decline of 5.2% y-o-y. However, auto production and sales in Jan-Jul’24 increased by 3.4% and 4.4% y-o-y to 16.179 and 16.31 million units, respectively.
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