Auto sales ris­ing most in 17 months

China Daily (USA) - - BUSINESS -

China’s pas­sen­ger-ve­hi­cle sales ac­cel­er­ated the most in 17 months, as Gen­eral Mo­tors Co and Guangzhou Au­to­mo­bile Group Co boosted de­liv­er­ies and deal­ers of­fer­ing dis­counts helped clear in­ven­to­ries in the world’s big­gest auto mar­ket. Retail sales of cars, sport util­ity and mul­ti­pur­pose ve­hi­cles climbed 23 per­cent to 1.6 mil­lion units in July, the big­gest monthly per­cent­age gain since Fe­bru­ary 2015, ac­cord­ing to the China Pas­sen­ger Car As­so­ci­a­tion. De­liv­er­ies in­creased to 12.4 mil­lion units in the seven months through July.

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