China's new Corona policy effect boosts new vehicle sales for the fifth consecutive month at 19:06 on September 10
China's new car sales in August increased by 11% from the same month last year for the fifth consecutive month, and continued to pick up from the effects of the new coronavirus against the backdrop of government economic measures. ..
According to the announcement of the China Automobile Manufacturers Association, which is made by automobile manufacturers, the number of new vehicles sold in China in August was 2,186,000, which was 11.6% higher than the same month last year.
Looking at the breakdown, passenger cars were 1,755,000 units, 6% higher than the same month last year, and commercial vehicles such as heavy trucks were 431,000 units, an increase of 41.6% compared to the same month last year.
With this, new vehicle sales have exceeded the previous year for the fifth straight month, and the recovery from the effects of the new coronavirus continues.
The background is that the demand for commercial vehicles is increasing due to the subsidy provided by local governments for replacement of new vehicles and the expansion of infrastructure investment by the government.
However, because of the large drop in sales volume at the beginning of the year, the cumulative sales volume from January to August was below the previous year's level, and the industry group said, ``It takes time for the consumer psychology to fully recover. Therefore, caution is necessary."