New-car sales rise 5% in first 20 days of August, trade group says

Retail sales of new passenger vehicles industrywide gained five percent year on year in the first 20 days of August, the China Automobile Dealers Association said on Wednesday.

In the period, some 947,000 sedans, crossovers, SUVs and multi-purpose vehicles were delivered in China, according to the trade group’s tally.

The market expansion came on sustained demand for electrified vehicles.

In the 20-day period, deliveries of electrified vehicles including full electric vehicles and plug-in hybrids jumped 29 percent to about 351,000, the CADA said.

As of August 20, overall new-car sales across China rose two percent from a year to top 12.2 million, with electrified-vehicle deliveries surging 36 percent to approach 4.1 million.