China's auto output, sales slow down in July

China's auto producers scaled back their output in July and sold fewer cars in comparison with a month earlier, the China Association of Automobile Manufacturers (CAAM) reported last week.

The country produced 2.20 million vehicles last month, down by 5.3% from June. Its auto sales amounted to 2.11 million units, down by 8.2% month on month, CAAM said.
But despite the month-on-month drops, China's auto output in July was up by 21.9% compared with a year earlier while sales were 16.4% higher.

A Shanghai-based trader noted that cold-rolled coil, a key raw material in auto production, was...

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