China, The World's Largest Auto Market, Says Passenger Car Sales Rose 12% In June

Passenger car sales in China, the world?s largest auto market, rose by 12.3% in June from a year earlier to 1.29 million vehicles, the government-published China Daily newspaper said on Saturday.? The paper cited figures from the China Passenger Car Association released on Friday.

June?s increase was lower than a 13.4% year-on-year rise in May. Sales in June, which is traditionally a slow month for the industry, also were?3.4%?below?the 1.33 million units sold in May, the newspaper said. For the first six months of the year, passenger car sales in the country?climbed 16.7% to 8.18 million units.?

Big U.S. automakers in China? earlier last week released sales gains for June. Ford, benefitting from the release of new models, said shipments increased by 44%.? (Click here for more details.) And GM said sales of its brands rose by 11%. (See related story here.)

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Source: http://www.forbes.com/sites/russellflannery/2013/07/07/china-the-worlds-largest-auto-market-says-passenger-car-sales-rose-12-in-june/?utm_source=allactivity&utm_medium=rss&utm_campaign=20130707

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