China's auto sales shift up a gear in August

China's auto market remained in rapid expansion in August with sales growth reaching a new high in more than three years, data from an industry association showed Friday.

About 2.07 million cars were sold on the Chinese market last month, up 24.22 percent year on year, according to China Association of Automobile Manufacturers (CAAM). This is an increase from 23 percent registered in July and the fastest growth in around three and half years.

Auto output rose 26.6 percent from a year ago to 1.99 million vehicles in August, the CAAM said.

In the first eight months, sales and output of vehicles increased 11.43 percent and 10.82 percent.

Source : QNA