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IPMI and Industry News: Palladium Market News

Chinese Car Sales Rise at Fastest Rate in More Than Two Years

Thursday, September 10, 2020   (0 Comments)
Posted by: Matt Watson
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Chinese Car Sales Rise at Fastest Rate in More Than Two Years

Heavy discounts and new-model debuts propel a second-half recovery in the world’s largest auto market

 

Dozens of new electric-vehicle models are expected to arrive at dealerships in the next few years. We followed eight Wall Street Journal reporters in four countries to see if they, and the world, are ready to make the switch. (Originally Published January 29, 2020)

BEIJING—China’s car sales grew at their fastest rate in more than two years in August, driven by heavy discounts and new-model debuts, adding momentum to a second-half recovery in the world’s largest auto market after a pandemic-disrupted first six months of the year.

Retail passenger-car sales in the country increased by 8.9% last month from a year earlier to 1.7 million vehicles, the China Passenger Car Association said Tuesday, marking the strongest rate of growth since May 2018.

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Read the full article at:  https://www.wsj.com/articles/chinese-car-sales-rebound-at-fastest-rate-in-more-than-two-years-11599563163?mod=mw_quote_news

 

 

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