Car sales slow on `diminishing wealth`
2010-06-04 14:05:03Source:Shenzhen DailyAuthor:
China's monthly passenger-car sales growth slowed in May as falling stock prices eroded wealth and consumer prices rose in the world’s largest automobile market.
Demand for cars, sport-utility vehicles and multipurpose vehicles rose 25 percent from a year earlier to 885,800 last month, the China Automotive Technology & Research Center said yesterday. That compared with 34 percent growth in April, according to the center.
Demand for cars, sport-utility vehicles and multipurpose vehicles rose 25 percent from a year earlier to 885,800 last month, the China Automotive Technology & Research Center said yesterday. That compared with 34 percent growth in April, according to the center.
