Passenger car sales rebound by double digits
Print Edition
CHINA’S passenger car sales rebounded by double digits in April as the Beijing auto show sparked a car buying spree.
Deliveries of sedans, sport-utility vehicles, multi-purpose vehicles and minivans jumped 12.7 percent last month from a year earlier to 1.51 million units — the first double-digit growth in three months, the China Passenger Car Association said yesterday.
The market started weakly last month but ended strongly as the auto show triggered new product releases and advertising campaigns, said Rao Da, secretary-general of the association.
Though the Labor Day holiday at the start of this month cooled the market, the auto show effect and a new wave of panic buying, fanned by renewed talk that vehicle purchase curbs will be extended to more cities, may still fuel sales, he added.
Talk that Nanjing in east China’s Jiangsu Province may impose curbs pushed up sales at some car dealerships by as much as 40 percent in April.
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