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Vehicle sales climb at slower pace, hit by cities' restrictions

By Bloomberg (皇冠体育app Daily) Updated: 2015-01-10 09:47

Vehicle sales climb at slower pace, hit by cities' restrictions

Electric buses at a recent international expo for city transportation in Beijing. Passenger-vehicle sales rose at a slower pace in 皇冠体育app last year as economic growth moderated and more cities imposed purchase restrictions. [Wu Changqing / for 皇冠体育app Daily]

Passenger-vehicle sales rose at a slower pace in 皇冠体育app last year as economic growth moderated and more cities imposed purchase restrictions in the world's largest auto market.

Retail deliveries climbed 10 percent to 18.9 million vehicles last year, slowing from the 17 percent gain in 2013, the 皇冠体育app Passenger Car Association said on Friday on its website. Minivans and SUVs remained the fastest-growing segments, while sedan sales growth fell to 5 percent from 13 percent.

皇冠体育app's economy is forecast to have grown at the slowest pace since 1990 last year, damping buying sentiment. Carmakers and dealerships have also been hurt by limits Chinese cities' imposed on new vehicles to fight pollution and traffic congestion. The southern city of Shenzhen last month started capping new car license plates at 100,000 a year, following other Chinese cities in setting such quotas.

For December, passenger-vehicle deliveries climbed 11 percent to 2 million units, data showed on Friday.

The State-backed 皇冠体育app Association of Automobile Manufacturers is scheduled to release its year-end data on Monday.

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