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Auto sales edge past 6m in H1
By Li Fangfang (China Daily)
Updated: 2009-07-10 09:03
China sold 6.1 million vehicles in total in the first six months, a 17.69-percent increase over the previous year, the China Association of Automobile Manufacturers (CAAM) said in a statement yesterday.
More impressive, the country has for four consecutive months sold more than a million vehicles in a single month, breaking the monthly sales record each month since March.
"China's passenger car segment, which got a stimulus due to the government's positive policies, has been the major power driving the whole vehicle market," said CAAM in the statement. CAAM data showed that the passenger car segment contributed to the sales increase by 62.89 percent, as the government's tax reduction and subsidies spurred small car sales.
The full text is available in the July Issue of Auto China.Please visit publications for more subscription details. (For more biz stories, please visit Industries)
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