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China car sales rose for first time in almost a year in May, industry body says

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[unable to retrieve full-text content]Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest market is rebounding from the coronavirus crisis and the trade war with the United States.Retail sales of cars, SUVs and multiple-purpose vehicles increased 1.9 per cent from a year earlier to 1.64 million units in May, the China Passenger Car Association said on Monday, which was the first gain since June 2019.The government added stimulus measures such as tax rebates to attract consumers…

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[unable to retrieve full-text content]
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest market is rebounding from the coronavirus crisis and the trade war with the United States.Retail sales of cars, SUVs and multiple-purpose vehicles increased 1.9 per cent from a year earlier to 1.64 million units in May, the China Passenger Car Association said on Monday, which was the first gain since June 2019.The government added stimulus measures such as tax rebates to attract consumers…

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