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China May vehicle sales down 0.1 pct y/y -industry association
June 12, 2017 / 6:08 AM / 6 months ago

China May vehicle sales down 0.1 pct y/y -industry association

BEIJING, June 12 (Reuters) - China vehicle sales edged down 0.1 percent in May from a year earlier to 2.1 million vehicles, the China Association of Automobile Manufacturers (CAAM) said on Monday.

That compares with a 2.2 percent drop in April and a 4 percent rise in March.

In the first five months of 2017, sales grew 3.7 percent from a year ago, the association said at a briefing in Beijing.

In January, CAAM predicted sales would rise 5 percent this year, slowing from 13.7 percent in 2016, citing the rollback of a tax incentive for small-engine cars and economic pressures. (Reporting by Stella Qiu and Jake Spring; Editing by Himani Sarkar)

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