China vehicle sales rise for third month as Covid-19 pandemic eases

Sales of passenger cars such as sedans and SUVs, as well as commercial vehicles, increased 11% in June from a year earlier to 2.28 million units, the CAAM stated.
By : Bloomberg
| Updated on: 02 Jul 2020, 02:33 PM
Customers in the world’s largest car market are slowly returning to showrooms as the government eases restrictions. (File photo used for representational purpose). (REUTERS)
Customers in the world’s largest car market are slowly returning to showrooms as the government eases restrictions. (File photo used for representational purpose). (REUTERS)
Customers in the world’s largest car market are slowly returning to showrooms as the government eases restrictions. (File photo used for representational purpose). (REUTERS)
Customers in the world’s largest car market are slowly returning to showrooms as the government eases restrictions. (File photo used for representational purpose).

Vehicle sales advanced for a third straight month in China, signaling that an economic rebound is gathering pace as the coronavirus pandemic gradually abates in the country.

Sales of passenger cars such as sedans and SUVs, as well as commercial vehicles, increased 11% in June from a year earlier to 2.28 million units, the China Association of Automobile Manufacturers (CAAM) said Thursday in a statement, citing preliminary figures. From the preceding month, the increase was 4%.

(Also read: Tesla registrations in China rebound after Covid-19 pandemic eases)

Customers in the world’s largest car market are slowly returning to showrooms as the government eases restrictions, adding to evidence that the auto slump in its third year may be ending. The pandemic exacerbated a decline in sales, with an economic slowdown, trade tensions with the US and stricter emission standards weighing on demand.

Trending Cars

Find More Cars

The government also added stimulus measures such as tax rebates to attract buyers, while automakers that shuttered operations amid the coronavirus outbreak now offer generous discounts.

(Also see pics: Why China's auto industry is revving up stronger than others)

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Global automakers spent billions of dollars expanding in China in recent decades, and manufacturers such as Tesla Inc., General Motors Co. and Volkswagen AG remain undeterred in their effort to tap the market’s long-term growth potential, including for electric vehicles.

First Published Date: 02 Jul 2020, 02:33 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city