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China auto sales down in May for 2nd consecutive month

Xinhua, June 10, 2015 Adjust font size:

China's automobile market contracted in May as sales declined for the second consecutive month by 4.55 percent month on month to 1.9 million units, data showed Wednesday.

On a yearly basis, sales volume also edged down 0.4 percent, according to the China Association of Automobile Manufacturers.

Auto output stood at 1.96 million units in May, down 5.56 percent from April or 0.58 percent from the same period last year.

The country's auto market began to contract in April, as sales declined 11 percent month on month to 1.99 million units, while output reduced 8.9 percent from March to 2.08 million units, reversing increases in March.

Taken together, in the first five months, sales in the world's largest auto market rose by 2.11 percent year on year, reaching 10.05 million units and output rose 3.18 percent to 10.24 million units.

But growth rates for sales and output during January-May period decelerated by 6.86 and 6.19 percentage points respectively from the same period last year. Endi