Vehicle sales in China rose 34% year on year in May, with passenger car purchases growing strongly due to government stimulus measures, an industry association said Tuesday.
More than 1.1m cars were bought last month, bringing sales in the first five months to 5m, up 14.3% from last year, the China Association of Automobile Manufacturers said in a statement cited by news agency AFP.
Passenger car sales “continued to be a major growth driver of the industry” in May, rising 46.8% from a year ago to 829,100 units, it said. Production also increased sharply last month, up 29.6% year on year.
Boosted by government policies, May was the third straight month that both auto output and sales exceeded 1m, a record, the statement said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
