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Auto Sales Down in July

2008-08-12    Source:english.chinabuses.com

According to China Association of Automobile Manufacturers (CAAM) says that 488,200 domestically produced auto were sold nationwide in July, down 17.02 percent month-on-month. The decline occurred because many automakers conduct checks on factory equipment in July and August and give employees a summer break.


However, sales from January to July were up 15.79 percent year-on-year, which indicated still-increasing domestic demand.


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