China Automobile Association: July car sales were 2.42 million, a year-on-year increase of 29.7%


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 According to the Titanium Media App on August 11, data from the China Automobile Association showed that in July, automobile production and sales completed 2.455 million and 2.42 million vehicles, down 1.8% and 3.3% from the previous month, and up 31.5% and 29.7% from the same period last year. Although the production and sales volume of the month was lower than the previous month, it was the highest value in the same period of the past year. It is generally judged that the current development trend of the industry is good, and it is expected to continue. From January to July, the production and sales of automobiles reached 14.571 million and 14.477 million respectively, with an increase of 0.8% in production and a 2% decrease in sales. In August last year, the industry was seriously affected by the shortage of chips, and the level of production and sales was low. Therefore, it is expected to achieve double growth in production and sales from January to August this year.

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