facebook
twitter
rss
account
search
search
 

Auto sales soar in China

July 9, 2009 at 3:06 PM   |   Comments

BEIJING, July 9 (UPI) -- The China Association of Automobile Manufacturers said auto sales continued at a brisk pace in June with sales outpacing production for the year.

In January through June, China produced 5.99 million cars, up 15.22 percent from a year ago, Xinhua reported Thursday.

In the same six months, vehicle sales hit 6.09 million, the trade association said.

In June, sales were 36.5 percent higher than the same month of 2008. For the fourth consecutive month, sales topped 1.1 million in June with the sale of 1.14 million.units.

The bump in sales is being pushed, in part, by a 50 percent break in sales tax the government enacted in January, which cut sales tax on smaller cars to 5 percent.

Sales of passenger cars with engines smaller than 1.6 liters of displacement rose more than 25 percent in the first half of the year to 4.53 million vehicles, comparing sales to the first half of 2008, CAAM said.

Topics: Auto Sales
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
EU demands solution to gas crisis EU demands solution to gas crisis
2
All staff back in Iraq, Gulf Keystone Petroleum says All staff back in Iraq, Gulf Keystone Petroleum says
3
Raytheon to supply components for Israel's Iron Dome interceptor Raytheon to supply components for Israel's Iron Dome interceptor
4
Army orders more spare parts for small unmanned aerial systems Army orders more spare parts for small unmanned aerial systems
5
Pepsi launches stevia-sweetened soda Pepsi launches stevia-sweetened soda
Trending News
x
Feedback