202.5

Chinese auto sales fall for second month in August

BEIJING (AP) — Chinese auto sales fell for a second month in August, adding to signs of economic malaise amid a worsening tariff battle with Washington.

An industry group, the China Association of Automobile Manufacturers, said Tuesday sales of SUVs, sedans and minivans in the biggest global auto market contracted by 4.6 percent from a year earlier to 1.8 million units. Total vehicle sales, including trucks and buses, sank 2.1 percent to 2 million units.

Auto demand has cooled as economic growth slows after Beijing tightened controls on bank lending to cool surging debt.

Sales of SUVs, usually the industry’s brightest spot, shrank 4.7 percent to 737,000 units. Sedan sales were down 3.4 percent at 901,000.

Total auto sales for the first eight months of the year gained 2.6 percent to 15.2 million.

Copyright © 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.



Advertiser Content