China July Car Sales Grow at Faster Pace on Discounts

China’s passenger-car sales grew at a faster pace in July as the government introduced subsidies for fuel-efficient models and dealers offered discounts to clear inventories in the world’s biggest automobile market.

Retail deliveries of cars, sport-utility vehicles and multipurpose vehicles rose 15.4 percent last month from a year earlier to 822,300, the China Automotive Technology & Research Center said in a statement today. That compared with 10.9 percent growth in June.