News

Dow Jones Newswires: China car sales keep rebounding as production revs up

By Raffaele Huang

SINGAPORE–Car sales in the world’s biggest auto market continued to recover in July as production was ramped up following earlier disruptions caused by Covid-19 lockdowns and Chinese authorities offered incentives to boost consumption.

Last month, China’s retail sales of passenger cars rose 20.4% from a year earlier to 1.81 million vehicles, the China Passenger Car Association said Tuesday.

Sales dropped 6.5% from June. July tends to be a slower month for car sales as the heat deters customers from going to stores, the association said.

Honda Motor Co. said sales in China surged 23.5% last month from a year earlier. Toyota Motor Corp.’s sales grew 6% and Nissan Motor Co.’s rose 4.6%.

Tesla Inc. sold 28,217 China-made cars in July, the CPCA said.

Retail sales of new-energy cars, which include electric and plug-in hybrid cars, more than doubled from a year ago to 486,000 vehicles, the association said.

Write to Raffaele Huang at raffaele.huang@wsj.com

What is your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News