Chins Car Sales Trail Forecasts as Buyers Seek Incentives
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China’s passenger-vehicle sales trailed analysts’ estimates for the first time in five months, as demand slowed with the economy and some consumers held back purchases in anticipation of government stimulus measures.
Wholesale deliveries, including multipurpose and sport utility vehicles, gained 11 percent to 1.12 million units last month, the China Association of Automobile Manufacturers said in a statement today. That compares with the 1.16 million average estimate of 10 analysts surveyed by Bloomberg.