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Chinese Light Vehicle Sales Up Again
Chinese Light Vehicle (LV) wholesales in August came in at 2.56 million units with growth of 7% YoY, according to the latest data and analysis from GlobalData.* Total passenger vehicle (PV) wholesale volume reached 2.32 million units with growth of 7% in the month. Simultaneously, the Light Commercial Vehicle (LCV ) sector recovered well, increasing by 11% year-on-year (YoY) to a total of 243,000 units. On a month-on-month (MoM) basis, PV sales increased by 8%, and LCV sales also increased by 5% in August, in the world’s largest vehicle market. Continue reading →