New car sales in China decline for second straight month
New car sales in China dropped 0.1% in May to 2,096,000 units as reduced tax incentives hit the market. This followed a year-on-year decrease in April. Passenger car sales fell 2.6% to 1,751,300 units and sales of small vehicles with 1,600cc engines or under dropped 9.2% to 1,150,000 units. Saloon sales are also struggling, sinking by 9.3% to 840,000 units, however, SUVs remained popular, with sales growing 13.5% to 710,000 units. Hyundai Motor's sales plummeted by 65% owing to the boycott of South Korean products by China following the deployment of the Thaad missile system by the US and South Korea, with sales for General Motors and Ford Motor also falling.
CHONGQING -- New-car sales in China fell 0.1% on-year in May to 2,096,000 units as the market for small automobiles continues to falter in the wake of reduced tax incentives.

Figures announced Monday by the China Association of Automobile Manufacturers show the second straight month of year-on-year sales decreases. Passenger car sales fell 2.6% to 1,751,300 units. Sales for small vehicles with engines 1600cc or smaller sank 9.2% to 1,150,000 units.