The Light Vehicle (LV) production and sales pace slowed slightly in July in the Chinese market. LV wholesales (which include sales allocated for export) came to 2.37 million units, down 3%. At a component level, total Personal Vehicle (PV) wholesale volume reached 2.14 million units, down by -3% in the month. At the same time, the Light Commercial Vehicle (LCV) segment kept growing, increasing by 5% year-on-year (YoY) to a total of 231k units. On a month-on-month (MoM) basis, PV sales decreased by 7%, and LCV sales decreased by 13% in July. Since the beginning of this year, cumulative LV wholesales have reached 15.39 million units, an increase of 7%. On the production side, total China LV production in July was 2.33 million units, decreasing by 3% YoY and 5% MoM.

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