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China Car Sales Beat Analysts’ Estimates for Fourth Month

China’s passenger-vehicle sales rose in June, exceeding analysts’ estimates for a fourth consecutive month after automakers increased shipments ahead of scheduled shutdowns for the summer.

Wholesale deliveries, including multipurpose and sport utility vehicles, gained 16 percent to 1.28 million units last month, the China Association of Automobile Manufacturers said in a statement today. That compares with the 1.27 million average estimate of 14 analysts surveyed by Bloomberg.