Sunday, June 12, 2011

China Auto Sales Will Likely Miss 2011 Target


BEIJING—Sales growth in China's automobile sector will likely fall short of the industry's annual forecast after sales declined in May over a year ago for a second consecutive month.

Total vehicle sales in China, the world's largest auto market, reached 1.38 million units in May, down 3.98% compared with the same month a year earlier, and following a 0.25% year-to-year decline in April, the association said. Sales in the January-May period reached 7.9 million units, up 4.06% on year.