BEIJING, Sept. 8, 2023 (Xinhua) — China’s passenger car market continued to expand in August, with retail sales and exports increasing, industry data showed today (Friday).
According to the China Passenger Vehicle Association, a total of 1.92 million passenger vehicles were sold through retail channels in August, up 2.5 percent year on year.
The retail sales growth rate for August was the highest for the same period in history, surpassing the previous record of 2 percent set in August 2017.
From January to August, total retail sales of passenger vehicles reached 13.22 million units, up 2 percent year on year.
The association said that passenger car exports reached 438,000 units last month, an increase of 42 percent compared to the previous year.
The data showed that in the first eight months, China’s automobile exports rose 69 percent year on year to about 3.22 million units. /end of news/
2023-09-08 12:44:15
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