Chinese car sales top 7 million units in first half of 2011

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Sales of passenger vehicles in China, including cars, SUVs, MPVs and minivans, reached 7.1 million units in the first half of this year, up 5.8% year-on-year, according to the China Association of Automobile Manufacturers (CAAM).

In the first 6 months of 2011, sales of passenger vehicles and light commercial trucks totalled 9.3 million units, up 3.4% from the same period last year.
Car sales declined in April and May after the Chinese government ended its scrappage incentives and tax breaks for small vehicles in January. However the market showed signs of recovery in June, thanks to strong sales of cars, SUVs and MPVs, said CAAM in a statement.

The association predicts car sales will grow 5% in 2011 a downward recalculation as at the beginning of the year, most analysts expected sales to rise 10 to 15%.

Source: Autonews China