Car sales jump on wan­ing tax im­pact

New Straits Times - - Business -

BEI­JING: China’s pas­sen­gerve­hi­cle sales rose for a third con­sec­u­tive time last month with Gen­eral Mo­tors Co and Nis­san Mo­tor Co sell­ing more cars as the im­pact of higher sales tax waned. Re­tail sales of cars, sport util­ity ve­hi­cles and mul­ti­pur­pose ve­hi­cles climbed 5.5 per cent to 1.7 mil­lion units last month, said the China Pas­sen­ger Car As­so­ci­a­tion. Con­sumers brought for­ward car pur­chases af­ter the gov­ern­ment an­nounced it would raise the levy on small-en­gine cars to 7.5 per cent from five per cent from early this year.

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