Thursday, August 10, 2006

China’s July car sales rise at slowest pace this year

AUG 9: China's passenger car sales expansion slowed to 5.4% in July from June's 5.8% and May’s 24% rise, as rising fuel costs deterred consumers from making purchases.

Sales of passenger cars, versatile vehicles and sport-utility vehicles rose to 3, 32,600 units last month, the China Association of Automobile Manufacturers said in a statement on Wednesday.

Production prolonged 12% from July last year to 3, 67,000 units, it added.

                

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