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In CAAM Monthly Information Conference on August 9th, Director of CAAM Information Division Chen Shihua released the production and sales report of July.
Mr. Chen said the production and sales in July decreased over last month but rose year on year. More specifically, production reached 15.833 million units, rising by 10.18% year on year; sales reached 15.163 million units, rising by 9.93% year on year. In Jan.-July, production and sales reach 12.335 million units and 12.2986 million units, rising by 12.46% and 12.02% year on year.
Mr. Chen said the growth rate would be back to normal and CAAM declared the target would be 16 million units.