Wednesday, June 11, 2008

China May car sales rise 16% y/y

Car sales in China, the world's second-largest vehicle market, rose 15.59 percent in May from a year earlier to 564,600 units, the country's official industry association said on Tuesday.

Vehicle sales, including cars, buses and trucks, rose 17.04 percent to 835,500 units in May, according to official data from the China Association of Automobile Manufacturers. In 2007, car sales in China grew 21.68 percent to 6.30 million units, following a 30.02 percent rise in 2006 and a 21.4 percent rise in 2005.

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