Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Passenger car sales rise 24% in March
Adjust font size:

China passenger car sales rose 23.6 percent in March compared with the same period a year earlier, the biggest monthly rise in seven months, as the market recovered rapidly after the freak winter weather, an industry group said.

Sales reached 700,500 cars last month, up 43.3 percent from February, according to the semi-official China Association of Automobile Manufacturers.

First-quarter sales rose 20.4 percent to 1.85 million, including 1.37 million sedans, 55,300 minivans and 101,800 sport-utility vehicles.

Volkswagen AG's two Chinese ventures - FAW Volkswagen and Shanghai Volkswagen - topped the sales list in the first three months, as the German company, Europe's largest car maker, boosted China sales by 32.5 percent to 268,200 vehicles. Shanghai GM, the Detroit-based car maker's venture with Shanghai Automotive Industry Corp., sold the third largest amount of cars.

Domestic vehicle production and sales both surged more than 20 percent to a record 8.8 million units last year, in contrast to weakening sales worldwide.

China, the world's second largest car market, produced 6.38 million passenger cars and sold 6.3 million units last year.

(Xinhua News Agency April 9, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Volkswagen leads way as cars enter fast lane
- January car sales soar despite winter storms
- China's car sales accelerate to 21.3%
Most Viewed >>
- LNG tanker hailed as a milestone for China
- China is world's third largest motor producer in 2007
- Gov't plan to find oil, mineral reserves
- Price rises hitting home
- Inflation forecast to hit 8% in first quarter

April 11-13 Boao Forum for Asia

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing
China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?