China’s vehicle sales rose 5.3% in August

Almaty. September 11. Silkroadnews – China’s vehicle sales rose 5.3% in August, information portal Market Watch wrote.
“China’s car market sustained its recent run of growth in August, continuing to expand after a weak start to the year brought about by a rise in China’s auto-sales tax. Total vehicle sales increased 5.3%, compared with August 2016, to 2.19 million, according to the government-backed China Association of Automobile Manufacturers. That was consistent with the 6.2% expansion recorded in July, and with June's 3.8% growth,” the report said.
It is noted that this year the Chinese automobile market grew 4.3% compared to the last year. Nevertheless, the state of the market is still a subject of concern for automakers, as sales of cars continue to lag.
“… passenger-car sales continue to lag. They expanded only 2.2% during the January to August period, although August sales, up 4.1%, beat this year’s average. Sales of commercial vehicles, up 16.9% so far this year and up 12.8% in August, improved the overall picture,” the publication notes.
It is reported that last year sales of Chinese cars grew 16%, but, according to experts, there is no reason to expect a noticeable improvement in growth of sales of vehicles in the remaining months of 2017.