SHANGHAI (Reuters) – Retail car sales in China jumped 55% during June 13 to June 19 compared with the same period in May, data from the China Passenger Car Association (CPCA) showed.
Sales of passenger vehicles in that period rose to 416,000 units, up 39% from a year earlier, the association said on Wednesday.
China has taken measures, including tax cuts for small engine cars, to stimulate purchases. The CPCA had estimated June car sales could grow by 10% to 20% from the same month in 2021.
(Reporting by Zhang Yan, Brenda Goh, Editing by Louise Heavens)
