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China car sales rise

Car sales in China, the world's largest car market, rose by 11.2 per cent year-on-year in June to 1.75 million vehicles, said China's Association of Automobile Manufacturers. In the first half of the year, sales rose 12.3 per cent year-on-year to 10.78 million. Sales rose only 4.3 per cent in 2012, due to limits on licence plates to ease traffic congestion.
By · 12 Jul 2013
By ·
12 Jul 2013
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Car sales in China, the world's largest car market, rose by 11.2 per cent year-on-year in June to 1.75 million vehicles, said China's Association of Automobile Manufacturers. In the first half of the year, sales rose 12.3 per cent year-on-year to 10.78 million. Sales rose only 4.3 per cent in 2012, due to limits on licence plates to ease traffic congestion.
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Frequently Asked Questions about this Article…

China car sales in June rose 11.2% year-on-year to 1.75 million vehicles, according to the China Association of Automobile Manufacturers.

In the first half of the year, China car sales rose 12.3% year-on-year to 10.78 million vehicles, showing solid growth across the period.

The sales figures were reported by the China Association of Automobile Manufacturers (CAAM), which collects industry data for the Chinese auto market.

Yes — the article refers to China as the world's largest car market when reporting the recent sales figures.

Sales growth in 2012 slowed to only 4.3% because limits on licence plates were imposed to ease traffic congestion, which constrained vehicle purchases.

No — the article provides aggregate market figures and commentary but does not mention any specific car companies or brands.

June's year-on-year increase of 11.2% is slightly below the overall first-half rise of 12.3%, indicating some months in the first half had stronger growth than June.

The article's China car sales figures offer a snapshot of consumer demand in the world's largest car market; everyday investors can use such headline metrics as a high-level indicator of market momentum, while noting the article does not provide company-level or investment advice.