Passenger vehicle sales are highest this year
China’s passenger vehicle sales for May were the highest monthly rate this year.
Sales for the month were up 8.50 percent from a year earlier, after dipping 4.64 percent from the previous month, as overall sales reached 1.91 million units, according to the China Association of Automobile Manufacturers.
The nation sold 1.59 million passenger vehicles in May, for a robust 13.85 percent year-onyear growth, the association said.
Total sales of 8.07 million passenger vehicles were recorded in the first five months, with 11.13 percent annual growth, a remarkable recovery from near stagnancy the previous two years. (Photo 4)