ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

China's new-auto sales edged up 6% in July

Commercial vehicles led recovery as passenger cars struggled to pick up speed

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more