China's Engine Production and Sales Slightly Decreased MoM from January to August in August

According to the statistics of China Association of Automobile Manufacturers, a total of 1,208,803 engines were produced in August, a decrease of 1.59% compared with the previous period; sales of 1,016,373 engines were down by 2.54% compared to the previous month; production of 1,140,736 cars was up by 2.80%; sales of cars were 1,138,498, an increase of 4.88%. .

Under the encouragement of national policies, in the off-season sales of traditional cars in August, the sales volume of domestic cars once again exceeded one million, and has exceeded the one million mark for six consecutive months since March 2009. In the automotive market, it is very good. Under the background of a sharp decline in the global automotive market, it is rare for the engine market to continue to be maintained at more than 1 million units. Although the engine market saw a downward trend in production and sales in August, respectively, but in August the engine production and sales reached 1028803 units and 1,016,373 units. In August, both engine production and sales experienced a month-on-month decline, while the cumulative growth of engine production and sales in the period from January to August reached 20.04% and 19.27% ​​respectively. This is a score that has not been achieved since 2009, if it is in the remaining few. In the month, the engine market can continue to develop in millions, so there is no suspense in the engine market to break through the 10 million-year mark.

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