China Auto Sales Will Likely Miss 2011 Target
BEIJING—Sales growth in China's automobile sector will likely fall short of the industry's annual forecast after sales declined in May over a year ago for a second consecutive month.
Total vehicle sales in China, the world's largest auto market, reached 1.38 million units in May, down 3.98% compared with the same month a year earlier, and following a 0.25% year-to-year decline in April, the association said. Sales in the January-May period reached 7.9 million units, up 4.06% on year.
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