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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Surging truck sales boost auto sector revival
    2020-07-13  08:53    Shenzhen Daily

AUTO sales in China rose 11.6 percent in June from a year earlier to 2.3 million units, driven largely by strong demand for trucks and other commercial vehicles.

In a further sign the world’s largest auto market is recovering from coronavirus lockdowns, auto wholesales in June rose for the third straight month to 2.3 million units, according to data from the China Association of Automobile Manufacturers (CAAM), the country’s largest auto industry body.

Sales of trucks, vans and other commercial vehicles, which constitute for around a quarter of overall market, surged 63 percent year on year, while sales of passenger vehicles rose only 1.8 percent.

“The sales of trucks were driven by investment, and they were strong in past months, which was a precursor to the recovery of economic activity,” said Yale Zhang, head of Shanghai-based consultancy AutoForesight.

Overall auto sales growth also was helped by supportive local government, said CAAM official Chen Shihua.

“After local consumption promotion policies expire, market demand may also decline.”

June’s jump in overall sales follows a rise of 14.5 percent in May and 4.4 percent in April.

(SD-Agencies)

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