According to CAAM (China Association of Automobile Manufacturers) sales of light vehicles in China are expected to reach 17 million units this year, up 25% on last year.
Dong Yang, chief secretary general of CAAM told a press conference in Beijing that the growth rate will be slightly higher than the 23% annual increase that the industry has averaged over the past 10 years.
According to figures CAAM released at the press conference, 1.6 million light vehicles were sold in September, up 16.9% on the same month in 2009.
Passenger cars generated most of September’s growth with sales surging 19.3% to 1.2 million units while commercial vehicle sales rose 9% to 345,300 units.
The year to date figures through to September reveal that car sales nationwide increased 36% to 13.1 million units.
Source: Automotive News