Wholesales in China Climb 8%

Factory sales of new light-duty vehicles in China climbed 8% to 1.85 million units in May, according to the China Assn. of Automobile Manufacturers.

CAAM says sedan wholesales to dealers jumped 13% to 948,500 units last month. Shipments of SUV/crossovers grew 7% to 768,100 units. MPV sales declined 6% to 134,400 units.

The manufacturers trade group estimated six months ago that full-year wholesales of passenger vehicles in China would expand 3% to 24.6 million units in 2018.