China Auto Sales Slump for First Time in More Than Two Years

China’s passenger-vehicle sales fell for the first time in more than two years as the nation’s economic growth slowed and a stock-market rout dented buying sentiment.

Retail deliveries of cars, multipurpose vehicles and SUVs fell 3.2 percent in June from a year earlier to 1.43 million units, the China Passenger Car Association said Wednesday on its website. Sales last fell in February 2013, according to the group.