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China car sales buck fears of slowdown

Car sales in China have bucked fears of a slowdown during the first six months of this year, partly due to rising demand for sport utility vehicles.

Passenger vehicle unit sales reached 1.78m in June, up 17.7 per cent compared with the same month last year, and only 0.5 per cent lower than in May, according to the China Association of Automobile Manufacturers.

A summer lull in car purchases last year meant that unit sales fell during this period, fuelling concerns that the Chinese vehicle market, the largest globally, was following the country’s economy into a slowdown.

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