EconoChina

A blog on Chinese economy & society

China’s car sales fell 17% in June

with one comment

Yes, GM is selling more cars in China than in the US, but this really doesn’t tell us much about the state of the economy.

The fact is passenger car sales dropped 17% from May in China, according to the newest data release from an industry association. This is already the third monthly decline in a row. While sales still grew by 19% over 6/09, it paled beyond comparison when you consider that 6/09 grew 45% over the previous year.

What’s more alarming is that production actually shot up 27% year-on-year, implying  drastic cutbacks in production to clear for inventory built-up down the road.

Currency flexibility means that it can swing both ways…

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Written by Cindy Luk

July 4, 2010 at 2:27 pm

Posted in China, Industries & Companies

Tagged with ,

One Response

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  1. great blog! perhaps I should get one aswell.

    dohacar

    October 19, 2010 at 6:39 pm


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