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China’s car sales fall 5% in August, down for third straight month amid weak domestic dema

Sep. 11, 2024 2:53 AM ETFXI, PGJ, EWH, CAF, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KUREBy: Meghavi Singh, SA News Editor

Wengen Ling/iStock via Getty Images

  • According to data from the China Association of Automobile Manufacturers, China’s total vehicle sales dropped by 5.0% from a year earlier to 2.45 million units in August 2024, softer than a 5.2% decline in the previous month, mainly as domestic demand for passenger cars fell

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