Foundry Daily News

Chinese auto sales in May up by 34pct

China Knowledge quoted according to figures released by the China Automotive Technology and Research Center, China auto sales in May increased 34.07%YoY but declined 13.95%MoM to 1.19 million units.

CATRC said in the first five months of this year, auto sales grew 34.07% year on year to 6.05 million units while auto production jumped 52.18%YoY 7.18 million units.

Sales of passenger cars rose 25.02%YoY but dropped 10.85%MoM to 885,800 units in May. In the period from January to May, sales increased 28.7%YoY to 4.58 million units.

The research center expected that the country's auto sales will remain strong in June thanks to strong consumption and competitive marketing campaigns.

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