China’s auto sales likely to fall 16% in June, trade body says
BEIJING, July 5 (Reuters) – China Association of Automobile Manufacturers (CAAM) said on Monday that it expects vehicle sales in China to hit 1.93 million units in June, down 16.3% from a year earlier.
Auto sales in China, the world’s biggest car market, are expected to grow 24.8% between January and June compared with the same period last year, CAAM said.
In May, auto sales in China fell 3% from the same month a year earlier, snapping a streak of 13 consecutive months of gains since April 2020.
Reporting by Yilei Sun and Tony Munroe; Editing by Alex Richardson
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