New car sales in China rose 9 percent in May to 1.4 million vehicles, the Chinese Association of Automobile Manufacturers announced on Sunday.
However, compared to April when new car sales rose 13 percent, and Match (13.3 percent) last month’s sales decelerate as China’s economy is slowing.
Toyota Motor Corp., the largest carmaker in the world sold 79,000 new vehicles – up just 0.4 percent from the same month a year earlier. Nissan Motor Co., the largest Japanese carmaker in China by sale sales volume sold 106,797 new vehicles, up 9 percent compared to May 2012. On the same time, Honda posted a 6 percent jump in May.
The gain in May deliveries follows Japanese carmakers’ production increase in China a month earlier, signaling that a consumer backlash is fading after a territorial dispute between Asia’s two largest economies in 2012.
General Motors, America’s largest carmaker, and the largest foreign automaker in China sold 252,942 new vehicles – up 9.4 percent. The U.S. based automaker said its Buick vehicles were up 23 percent from a year earlier to 63,007 units. Chevrolet sales rose by 4.1 percent to 50,531 units, while Cadillac deliveries jumped 74 percent to 3,843 units.
Ford: +45 pct to 70,540 vehicles