Passenger vehicle sales recover in first half
By Du Xiaoying | China Daily | Updated: 2016-07-09 07:34
The nation's passenger vehicle sales surged 19.4 percent year-on-year in June, much higher than 9.5 percent from the January-June period, the China Passenger Car Association announced on Friday.
The association said the higher-than-expected growth rate was thanks to a recovery from the low sales recorded in June of 2015 in the wake of the stock market crash.
"We do not need to worry about (passenger car sales) this year," said Zhang Yu, managing director of Automotive Foresight Co.
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