B2B Portal for Technical and Commercial Foundry Management
Languages
Foundry Daily News

Chinese auto sales up by 56pct YoY

According to report released by China Automotive Technology and Research Center, China automobile sales increased 55.72%YoY and 15.09%MoM in August to 1.22 million vehicles ending a four straight month decline.

According to CATRC report, automobile production in August increased 10.15%YoY but declined 2.74%MoM to 1.2 million vehicles. Cumulative automobile production and sales grew 35.45%YoY and 31.53%YoY to 10.91 million and 9.46 million vehicles in the first 8 months of 2010.

The auto inventory cycle was shortened by 1 day MoM to 57 days in August. The inventory cycle for passenger vehicles was reduced by 2 days to 58 days MoM in August while the inventory cycle for commercial vehicles was extended by 1 day to 51 days MoM.

Youtube Linkedin Xing