finance
China Gasoline Car Sales Fell 22% in May Amid Rising Fuel Prices
Chinese passenger car sales fell more than 22% in May. Discounts on gasoline vehicles nearly doubled in the first five months of the year as fuel prices rose.
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Chinese passenger car sales fell more than 22% in May compared with a year earlier.
Disc discounts on gasoline cars nearly doubled during the first five months of the year, according to data from the Chinese Passenger Car Association. Vehicles such as Range Rover saw discounts of up to 60%.
EV and hybrid vehicle sales rose during the month, offsetting some of the decline in gasoline car registrations.
Transparency
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CorroborationModerate · 1 source
