Manufacturing News

Vehicle sales rise 4.3% on crossover demand

Light-vehicle deliveries in China rose 4.3 percent year on year to 1.68 million units last month, as the market continued to recover from a tax increase on small vehicles in January.

July marked the second straight month of growth, after a 2.3 percent increase in June, according to the China Association of Automobile Manufacturers.

Sales last month got a boost from crossovers and SUVs, with 689,500 of those vehicles delivered across China, up 18 percent from a year earlier.

Sales of other segments remained weak in July. Sedan sales edged down 0.3 percent to 824,900 vehicles, minibus sales plunged 39 percent to 27,500 while multipurpose vehicle deliveries fell 11 percent to 136,500.

For the first seven months, light-vehicle deliveries increased 2.0 percent year on year to more than 12.9 million vehicles.

At the beginning of the year, the central government raised the purchase tax on vehicles with engine displacements of 1.6 liters and smaller to 7.5 percent from 5 percent.

The government will restore the tax to its normal 10 percent next year.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved