Toyota, Ford Lead China Auto Sales Increase After Tax Cut

Updated on
  • Toyota leads Japanese carmakers in China with 28% sales gain
  • Chinese brands including Great Wall cut prices to move stock

China’s passenger-vehicle sales rose 6.8 percent in the first quarter, led by Toyota Motor Corp. and Ford Motor Co., as consumers took advantage of a government tax cut and discounts from manufacturers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.