Sales of passenger cars exceed estimates


China's passenger-vehicle sales rose more than analysts estimated in May as purchases of Toyota Motor Corp and Honda Motor Co cars recovered from disruptions caused by last year's natural disasters.

Deliveries, including multipurpose and sport-utility vehicles, rose by 22.6 per cent to 1.28 million units last month, Chen Shihua, statistics department head at the China Association of Automobile Manufacturers, said today at a briefing in Beijing.

That beat the 1.2 million average of seven analyst estimates compiled by Bloomberg.

Sales in May beat estimates for a third straight month.