Car sales in China fell 24 percent in August from a year earlier to just over 1.5 million passenger cars, the eleventh consecutive month of decline, according to the CPCA.
China's retail car sales declined by 24% in August to 1.54 million, with the real estate crisis continuing to strain consumer spending. While car exports jumped by 78% to 888,000, their share rises to 38% of total sales, compared to about a fifth a year ago, reflecting China's growing reliance on markets [...].