China's Annual Auto Sales Expected to Hit 18 Mln
Write:
Gertrude [2011-05-20]
China's auto sales are expected to reach 18 million units this year as sales in the first 11 months hit 16.4 million units, figures released Thursday by the China Association of Automobile Manufacturers (CAAM) showed.
The full-year sales projection by the CAAM Thursday has exceeded its previous forecast of 17 million units made in November.
China overtook the United States last year to become the world's largest auto market by selling 13.65 million vehicles, up 46 percent year on year, while production that year jumped 48 percent to reach 13.79 million units.
The 18-million-units total, if achieved, would mean an increase in both vehicle sales and production this year more than 30 percent compared to last year.
Production in the first 11 months this year had also topped 16.4 million units, the figures showed.