Car sales rise as tax cut ex­piry near

China Daily (Hong Kong) - - BUSINESS -

China’s pas­sen­ger-ve­hi­cle sales rose for a ninth con­sec­u­tive month as con­sumers rushed to buy small-en­gine au­tos be­fore a tax cut is due to ex­pire at the end of the year, boost­ing de­liv­er­ies at lo­cal car­mak­ers in­clud­ing Geely Au­to­mo­bile Hold­ings Ltd and Guangzhou Au­to­mo­bile Group Co. Re­tail sales of cars, sport util­ity and mul­ti­pur­pose ve­hi­cles to deal­er­ships climbed 20 per­cent to 2.42 mil­lion units in Novem­ber, ac­cord­ing to the China Pas­sen­ger Car As­so­ci­a­tion. De­liv­er­ies rose 16 per­cent to 21.1 mil­lion units in the first 11 months.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.