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China Auto Output and Sales up 20%+ in 1Q

Xinhua. China’s auto output and sales rose more than 20% in the first quarter of 2007, according to figures from the China Association of Automobile Manufacturers (CAAM).

China produced 2.19 million vehicles in the first quarter, up 22.6% from the same period last year. That included about 1.58 million passenger cars—including sedans, sport utility vehicles (SUV) and multi-purpose vehicles (MPV)—and 614,500 commercial vehicles including buses and trucks.

Auto sales in China during the quarter rose 22.2% to 2.12 million vehicles. In 2006, China surpassed Japan to become the world’s second-largest market for new vehicles, with sales of 7.22 million units.

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