China's auto sales up 4.3% in 2012

Jan 15, 2013

According to data released last Friday by the China Association of Automobile Manufacturers (CAAM), auto sales in China rose 4.3 percent to 19.3 million units last year, missing official projections for deliveries of as much as 20 million made in July but a mild recovery from the 2.5 percent gain in 2011.

"In 2012, the country's auto sales and production both hit new highs, and the country remained the world's largest auto manufacturer and market for the fourth consecutive year," said a statement from CAAM.

In 2013, wholesale vehicle deliveries in China are expected to rise 7 percent to nearly 20.7 million units, led by demand for passenger vehicles, CAAM said in its statement.

Passenger vehicle sales may climb 8.5 percent to 16.8 million units, CAAM estimates, while commercial vehicle sales are expected to rebound 1 percent to 3.85 million units.

Source：cnautonews.com