Chinese auto sales +8.2% in July to 1.38M Y/Y vs. +9.9 in June and +16% in May, when new models...
Chinese auto sales +8.2% in July to 1.38M Y/Y vs. +9.9 in June and +16% in May, when new models hit showrooms following the Beijing auto show in April. Passenger car sales +10.7% to 1.12M in July, commercial vehicles -1.6% to 259,200. Despite slower growth, auto association affirms FY forecast for overall auto sales to grow 5-8%.
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