A new generation of Haval H6, the country’s #1 SUV, has just launched in China.
Preliminary figures released by the China Association of Automobile Manufacturers (CAAM) show continued momentum for new vehicle wholesales in China in July: up an estimated 14.9% year-on-year to 2.08 million. Commercial Vehicles are expected to surge 59.6% to yet another record month. Keep in mind wholesales are factory deliveries to dealerships and not customer purchases, and this is where a damper has to be put on this data: for now retail sales, or registrations, the true measure of the Chinese market’s health, are not matching these double-digit gains, with the surplus of cars accruing as stock in dealerships across the country. Year-to-date, wholesales volumes are now down -12.7% to 12.34 million units with Passenger Vehicles (cars, SUVs and MPVs) down -18.6% but Commercial Vehicles up 14.3%. Final figures will be released late next week.