Chinese car sales reached a record high in November as consumers rushed to take advantage of tax rebates and other government incentives.
Sales of passenger cars including multipurpose vehicles and SUVs jumped 29.3% to 1.34 million in November, Bloomberg News reported. The previous record, set in January, was 1.32 million.
China introduced incentives as part of its economic stimulus package. The…
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China Car Sales Reach Record High originally appeared on DailyFinance on Thu, 09 Dec 2010 07:42:00.
Filed Under: Company News, Technology, Ford Motor Co, General Motors, Autos