China Auto Sales Climb 11% After Tax Cut, Dealer Discounts
- Passenger-vehicle sales rose to 1.76 million units last month
- Deliveries climbed to 9.12 million units in January-May period
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China’s passenger-vehicle sales rose for the ninth time in 10 months after a cut in the purchase tax, with General Motors Co. and Toyota Motor Corp. reporting increased deliveries among global carmakers in the world’s biggest auto market.
Retail sales of cars, SUVs and multipurpose vehicles climbed 11 percent to 1.76 million units last month, according to the China Passenger Car Association. That compares with the 6.4 percent increase in sales in April. Deliveries rose to 9.12 million units in the first five months of this year.