In July 2024, the Chinese automotive industry’s economic operations remained fundamentally stable, with just a minor dip in monthly production and sales. Domestic light vehicle (LV) sales, excluding exports, totalled 1.8 million units, reflecting a significant year-on-year (YoY) decrease of 10.4% and a month-on-month (MoM) decline of 12.5%, influenced by the high comparative base of the same month last year.
China vehicle market trend flat – GlobalData
There was just a minor dip in monthly production and sales in July