China's car sales shrink 2.9pc in June
Tuesday, 11 July 2023
BEIJING/SHANGHAI, July 10 (Reuters): China's passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday.
Car sales in June totalled 1.91 million units, down 2.9 per cent from last year, CPCA data showed. It was the first monthly contraction since January. However, sales advanced 2.5 per cent to 9.65 million units in the first half of the year.
Meanwhile, sales of new energy vehicles, including battery electric cars and plug-in hybrids, jumped more than 25 per cent in June, accounting for 35 per cent of the total car sales.