The rate of China's auto sales to production hit a record high
of 101.9 percent in August, the China Association of Automobile
Manufacturers (CAAM) reported on Wednesday.
In August, China manufactured 375,200 autos, up 5.8 percent
month-on-month, and sold 382,300, an increase of 10.5 percent from
July.
China produced 3.4 million automobiles and sold 3.3 million in
the first eight months of this year, with the ratio of sales to
production 96.3 percent.
CAAM reported that car sales declined for five consecutive
months beginning in March. The improvement in the August
sales-to-production figure is attributed to automakers' adjusted
marketing strategies.
With the week-long National Day holiday approaching, sales are
expected to continue rising in September and October.
(Xinhua News Agency September 23, 2004)