10 June 2013 04:10 [Source: ICIS news]
Correction: In the ICIS news story headlined "China vehicle sales up 9.8% year on year in May" dated 10 June 2013, please read in the first paragraph ... 1.76m units ... instead of ... 1.78m .... A corrected story follows.
SINGAPORE (ICIS)--China vehicle sales in May grew 9.8% year on year to 1.76m units, but were down from 1.84m units in April, official industry data showed over the weekend.
Vehicle production in May was 1.78m units, an increase of 13.5% year on year but a decrease of 6.3% from April, according to data from the China Association of Automobile Manufacturers (CAAM) released on Sunday.
Sales of passenger cars in May were 1.4m units, decreasing by 3.1% month on month but up by 9.0% year on year.
May’s production of passenger cars were 1.42m units, 5.3% less than April but 11.9% more than one year ago, the CAAM data said.
In January-May, China sold 9.03m units and produced 9.08m units of vehicles, an increase of 12.6% and 13.5% year on year, respectively, said CAAM.The association predicts that vehicle sales in the first half year will rise by over 10% year on year, better than expected.
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