Contact Your Financial Adviser Money Making MC
12 June 2017
 |
| China's auto (The Total Investment & Insurance Solutions) |
China's auto sales shrank for a second month in May amid weak demand
following a rise in the sales tax, an industry group reported Monday. The Total Investment & Insurance
Solutions
Sales in the world's biggest auto market by
number of vehicles sold contracted 2.6 percent from a year earlier to 1.75
million vehicles, according to the China Association of Automobile
Manufacturers.
Purchases of SUVs rose 13.5 percent 715,000,
helping to offset a 9.3 percent plunge in sedan sales to 839,000. The Total Investment & Insurance
Solutions
Sales last year rose 15 percent from 2015
after a 10 percent sales tax on small-engine vehicles was cut by half. Demand
weakened after part of that tax was restored in January, raising it from 5
percent to 7.5 percent. The Total
Investment & Insurance Solutions
Total sales for the first five months of this
year rose just 1.5 percent from a year earlier, according to CAAM. The Total Investment & Insurance
Solutions
Sales of plug-in and hybrid electric vehicles
in May rose 28.4 percent to 45,000.
— General Motors Co. said sales of GM-brand
vehicles by the company and its Chinese manufacturing partners rose 9.5 percent
from a year earlier to 294,425. It said Cadillac sales rose 65 percent to
14,154.
— Ford Motor Co. said its sales declined 3
percent to 87,733. Sales for the first five months of the year were 436,961. The Total Investment & Insurance
Solutions
— Nissan Motor Co. said its sales rose 5.7
percent to 112,085. Year-to-date sales were 531,756.
— Toyota Motor Co. said sales rose 11 percent
to 112,800.The Total Investment &
Insurance Solutions
No comments:
Post a Comment