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China’s Car Sales up 26.1% in February

10 March 2007

Xinhua. China’s light duty vehicle sales rose 26.1% in February from a year earlier, the fastest pace in four months, increasing to 429,251 units.

Production expanded 11.4% to 420,288 units during the same period from a year earlier.

China’s passenger car sales rose 30% to 5.18 million units last year, exceeding the 25% growth in the total vehicle market, according to the China Association of Automobile Manufacturers.

The official auto association predicts a slowing of growth to 20% this year.

Shanghai General Motors Co Ltd was the best seller last month with retail sales of 32,584 units, followed by Shanghai Volkswagen’s 28,528 units and FAW Volkswagen's 26,867 units.

March 10, 2007 in Brief | Permalink | Comments (0) | TrackBack (0)

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