Hyundai's China Sales Increase for First Time in Seven Months
- Deliveries gain after China cut vehicle-purchase tax
- China paces biggest global sales gain since December 2014
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Hyundai Motor Co.’s deliveries in China rose for the first time in seven months in October, helped by sales of its new Tucson sport utility vehicle and a tax cut on vehicle purchases in the world’s largest auto market.
The carmaker’s plant sales in China, its largest market by volume, climbed 8.5 percent last month from a year earlier, according to an e-mailed statement on Monday. Hyundai accelerated the introduction of the new Tucson SUV and cut its price to boost demand.