The Chinese market continued to surprise on the upside in August. Light Vehicle (LV) wholesales came to 2.56 million units with growth of 7% YoY. At a component level, total PV wholesale volume reached 2.32 million units with growth of 7% in the month. At the same time, the Light Commercial Vehicle (LCV ) sector recovered well, increasing by 11% year-on-year (YoY) to a total of 243k units. On a month-on-month (MoM) basis, PV sales increased by 8%, and LCV sales also increased by 5% in August.
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