China Passenger Car Sales Rise 22.6% In May

China's passenger car sales rose in May. China's passenger vehicle sales climbed 22.6% y/y in May to 1.28 million vehicles, according to semi-official industry group China Association of Automobile Manufacturers. For the January-May period, China's passenger vehicle sales rose 5.48% y/y to 6.33 million vehicles. Total auto sales in China climbed 16.0% y/y in May to 1.61 million vehicles. For the January-May period, China's total auto sales rose 1.7% to 8.03 million units.