Auto sales in China rose last month, although growth is no longer at the pace it was a year or two ago.
Passenger car sales rose 7.3% in August, compared to August 2010, to 1.1 million vehicles, the China Association of Automobile Manufacturers said.
Total vehicle sales rose 4%, to 1.38 million units.
Total passenger car sales rose about 6% for the year from January through August.
A check of auto maker stocks, all of whom are trying to tap China’s growing consumer base: Ford (NYSE:F) shares are trading down 1.6% Friday, while GM trades lower by 0.85%.
Toyota (NYSE:TM) is trading down 1.5%, and Honda (NYSE:HMC) is trading down 2.4%.
This Article's Word Cloud:AssociationAugustAutoAutomobileChinaFordFridayHondaJanuaryManufacturersNYSEPassengerTotalToyotaaboutalthoughautobasecheckcomparedconsumerdownfromgrowinggrowthlastlongerlowermakermillionmonthpacepassengerrosesaidsalessharesstocksthroughtradestradingtryingunitsvehiclevehicleswhilewhomyear
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.