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China car sales fall again, exports stay strong

China car sales fall again, exports stay strong

- Car sales in China extended their falls for a ninth consecutive month in June, as automakers increasingly turned to export markets to cushion the impact of sluggish domestic demand.

Passenger vehicle sales at home fell 23.4% from a year earlier to 1.62 million units last month, following a 22.3% decline in May, data from the China Passenger Car Association showed on Wednesday.

By comparison, car exports rallied 82.1% to 882,000 vehicles last month.

First-half sales were down 20.4% to 8.8 million vehicles while car exports rose 70.6% to 4.28 million vehicles.


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

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

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