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.

Comments

Popular posts from this blog

THE JAKARTA POST: Ford to release eight new global models in ASEAN by 2015

Automotive sector to drive Malaysia's competitiveness

Bangkok Post: Thailand's investor appeal reviving, but more help needed