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Auto prices see slight increase in June
(Xinhua)
Updated: 2009-07-13 09:34 China's domestic auto prices were steady with a slight increase in June while imported vehicle prices rose at a faster rate, according to the price monitoring center under the National Development and Reform Commission (NDRC), China's top economic planner. Prices of domestic cars saw a month-on-month increase of 0.9 percent last month, while the year on year figure stood at 1.35 percent, said a report released on NDRC's Web site Friday, based on a survey conducted in 36 large and mid-size cities in China. Price of imported vehicles rose 1.22 percent from the previous month, with a year-on-year growth of 7.26 percent. Passenger vehicle prices increased 0.93 percent month-on-month but dropped 2.77 percent year-on-year. Commercial vehicle prices maintained a upward trend, rising 0.98 percent month-on-month and 7.27 percent year-on-year.
The surge in demand brought about increasing sales in the first half, said Liu Lixi, auto industry analyst from Northeast Securities. China halved the purchase tax on passenger cars to 5 percent for models with engine displacements of less than 1.6 liters and started a rebate program for auto buyers in the rural area early this year...
The full text is available in the July Issue of AutoChina. Please visit E-shop （http://eshop.chinadaily.com.cn/）for more subscription details. (For more biz stories, please visit Industries)
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