Hyperdrive
Rebound in China Car Sales Accelerates With Pandemic Easing
- August retail sales rise 8.8% for second straight monthly gain
- World’s largest car market recovering from two-year slump
An employee wearing a protective mask wipes a vehicle on display inside an Audi AG dealership in Wuhan.
Source: Stringer/BloombergThis article is for subscribers only.
China’s car sales increased for a second straight month in August, raising optimism that a two-year slump in the world’s biggest market is nearing an end.
Retail sales of sedans, SUVs, minivans and multipurpose vehicles increased 8.8% last month from a year earlier to 1.73 million units, the China Passenger Car Association said Tuesday. That follows a 7.9% gain in July.