China's auto sales likely to fall 16% in June, trade body says - Reuters

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A view shows traffic during evening rush hour at the central business district (CBD) in Beijing, China, January 15, 2021. Picture taken January 15, 2021. REUTERS/Tingshu Wang

BEIJING, July 5 (Reuters) - China Association of Automobile Manufacturers (CAAM) said on Monday that it expects vehicle sales in China to hit 1.93 million units in June, down 16.3% from a year earlier.

Auto sales in China, the world's biggest car market, are expected to grow 24.8% between January and June compared with the same period last year, CAAM said.

In May, auto sales in China fell 3% from the same month a year earlier, snapping a streak of 13 consecutive months of gains since April 2020.

Reporting by Yilei Sun and Tony Munroe; Editing by Alex Richardson

Our Standards: The Thomson Reuters Trust Principles.

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