China Car Sales Surge 20% as Consumers Beat Expiring Tax Cut
- Sales climbed to 2.22 million units last month, PCA data shows
- Industrywide deliveries increased 15% in first 10 months
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China’s passenger-vehicle sales climbed for an eighth consecutive month as consumers rushed to buy small-engine autos ahead of a tax cut due to expire at year-end, boosting deliveries at local carmakers including Geely Automobile Holdings Ltd. and Great Wall Motor Co.
Retail sales of cars, sport utility and multipurpose vehicles increased 20 percent to 2.22 million units last month, according to the China Passenger Car Association. Deliveries rose 15 percent to 18.7 million units in the first 10 months.