China Automobile Association: Expected domestic car sales in August 1.711 million, down more than 20% year-on-year

Release time:

2021-09-08

According to the estimates of the China Automobile Association based on the ten-day reports of key companies, the domestic auto market sales completed 1.711 million vehicles in August this year, a decrease of 8.2 percent from the previous month and a year-on-year decrease of 21.8 percent; the domestic auto market sales from January to August this year are expected to complete 16.467 million vehicles, a year-on-year increase of 13.1 percent.

China Automobile Association: Expected domestic car sales in August 1.711 million, down more than 20% year-on-year

On September 3, the Beijing News Shell Finance reporter learned from the official of the China Association of Automobile Manufacturers that the China Automobile Association estimated that the domestic automobile market sold 1.711 million vehicles in August this year, down 8.2 percent from the previous month and 21.8 percent from the same period last year. From January to August this year, the domestic automobile market sales are expected to be 16.467 million, an increase of 13.1 percent over the same period last year.

Specifically, passenger car sales fell 17.5 per cent year-on-year in August, commercial vehicle sales fell 43.8 per cent year-on-year, passenger car sales rose 15.1 per cent in the first eight months and commercial vehicle sales rose 5.4 per cent year-on-year.

In addition, Shell Finance and Economics reporter learned from the China Automobile Association that the results of the investigation of 13 key vehicle enterprises by the China Automobile Association showed that the shortage of chips in the automobile industry did not improve in August, and the chip supply problem was difficult to completely alleviate by the end of the year, which may take until next year.

(Source: The Beijing News)