Tag: China Auto production slumps 7.4% on month in Aug’21

According to data from the China Association of Automobile Manufacturers, in Aug’21 the production and sales of automobiles were 1.725 million units and 1.799 million units, respectively. While production slumped 7.4%, sales dropped by 3.5% on month. Production and sales decreased 18.7% and 17.8% respectively year-on-year. The declines were steeper than Jul’s 3.2 and 5.9…