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
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
4
Statoil makes oil find in North Sea Statoil makes oil find in North Sea
5
API: U.S. leverage hurt by oil export ban API: U.S. leverage hurt by oil export ban
Trending News
Around the Web
x
Feedback