China June car sales up 6.2% Y-O-Y
Updated: 2011-07-08 16:40
(Agencies)
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June car sales in China rose 6.2 percent from a year earlier to 1.11 million units, reversing a slip from the previous month, the official China Association of Automobile Manufacturers (CAAM) said on Friday.
That compared with 1.04 million units sold in May, representing a 0.1 percent decline from a year earlier, according to CAAM data.
After two consecutive years of breakneck expansion, China's auto market is returning to a subdued growth pattern this year.
The cooling has been attributed to the scrapping of government tax incentives and local government initiatives to tackle ever-worsening traffic congestion.