In July 2016 in China there were sold 1.6 million cars, which is 26.3% higher than in the same month last year. For seven months of the year, the Chinese market has increased to 12.65 million cars (+11,1%), remained to be the largest in the world.
As it has been explained, the increase in demand was due to a halving of tax of buying of new cars with Chrysler Grand Voyager warning lights and engine capacity up to 1.6 liters, whose share exceeds 70%. Among the auto companies, showing a significant increase in July sales in China, there are Volkswagen with the result of 285,9 thousand cars (+16%) and General Motors with the record of 270.5 thousand units (+18%).
SAAM has predicted that by the end of the year the Chinese car market will grow by 6% compared to last year, when it was sold 21.15 million cars.