GUANGZHOU -- China's new-vehicle sales climbed 6.2% on the year in July as automakers slashed prices following declines earlier this year, though the recovery in passenger-car sales has yet to reach full speed.
Some 1.97 million new autos rolled off the lot during the month, the China Association of Automobile Manufacturers said Friday. This marks the second straight month of year-on-year gains, and follows dips in April and May. Manufacturers lowered prices significantly in the wake of those declines to get sales moving again.
