Macau: Car sales accelerated in 2012

Macau Business - Car sales in the first 11 months of last year increased by 12 percent year-on-year, the president of the Macau Motor Traders Association says.

Patrick Tse Ka Ming was quoted by our sister publication Business Daily as saying that the growth was spurred by the new tax break for environment-friendly cars, introduced in March last year.

The buyer of any new environmentally-friendly vehicle pays up to 50 percent less tax on the purchase, the maximum reduction being MOP60,000 (US$7,500).