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China's car exports roar in August while domestic sales extend declines

China's car exports roar in August while domestic sales extend declines 

- China's car exports stayed in high gear in August as automakers led by BYD 1211.HK 002594.SZ shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market, where sales fell for the 11th month in a row.

Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August, easing from an increase of 88.2% a month earlier, data from the China Passenger Car Association showed on Tuesday.

Sales at home fell 23.7% to 1.55 million vehicles, versus a decline of 21.1% in July.


(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; Editing by Clarence Fernandez)

((qiaoyi.li@thomsonreuters.com;))

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