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.
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