Auto Vehicle Sales Accelerate to Record in Jun.
07 August 2009
English.chinabuses.com:With the government stimulus measures and a rebound in the Chinese economy propelled major auto vehicle makers in China to post record sales in June.
The sizzling sales may signal that China's auto sales will accelerate to a new high in the traditionally non-prime sales season, following a 36-percent year-on-year increase to 1.14 million units in June.
A lower tax and subsidies for vehicle purchases launched in January have proved effective in sparking market demand and helped auto vehicle makers to offset slumping sales in the US and Europe.
China's auto sales topped 1.14 million units in June, according to China Association of Automobile Manufacturers. The official July sales will be released at the weekend.
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