China Car Sales Rise for First Time in a Year on Discounts
- Total passenger-car retail sales advanced 4.9% last month
- Vehicle demand in China had been on the wane since June 2018
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China’s passenger-car sales showed signs of recovery from a historic rut as dealers offered discounts to clear inventory before new emissions rules kicked in.
Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles rose 4.9% to 1.8 million units in June from a year earlier, according to preliminary numbers from the China Passenger Car Association Monday. That’s the first increase since May 2018 for the world’s biggest market.