China Passenger-Car Sales Rise at Slowest Pace Since May

China Passenger-Car Sales Rise at Slowest Pace Since May

AFP/Getty Images

A worker assembles one of the many car models at Chinese carmaker's Chery Automobile plant in Wuhu, east China's Anhui province. China’s vehicle sales increase slowed down as inflation, higher interest rates and the end of a two-year stimulus plan deter purchases. Chery Automobile’s car deliveries fell 5.9 percent to 41,600 last month.