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E-mail Xinhua, September 11, 2024
People visit Chengdu Motor Show 2024 in Chengdu, southwest China's Sichuan province, Aug 30, 2024. [Photo/Xinhua]
China's auto sales grew 3% year on year in the first eight months of 2024, data from the China Association of Automobile Manufacturers showed Tuesday.
Total sales came in at about 18.77 million units for the January-August period, the data showed.
During the period, the production of China's automakers reached 18.67 million vehicles, up 2.5% year on year.
In August alone, auto sales shrank 5 percent from a year ago to approximately 2.45 million units, while the output declined 3.2% to 2.49 million units.
The auto market was about to usher in its peak sales season, said Chen Shihua, deputy secretary-general of the association, referring to the months of September and October.
Highlighting the effects of trade-in programs, Chen said these policy measures will help boost the auto market for the rest of this year and further unleash the consumption vitality of the market.
China's auto exports expanded 25.4% year on year to 511,000 units last month, the data showed.
