China s auto sales top 2.9m units in first two months

Write: Antonio [2011-05-20]

China s auto sales top 2.9m units in first two months

From: China Daily

The combined auto sales in January and February surged 84 percent from a year earlier to 2.9 million units, with February's figures alone reaching 1.2 million units, up 46 percent year-on-year, according to the China Association of Auto Manufactures (CAAM) Tuesday.

China, the world s largest auto market, adjusted the auto tax-cut policy and old-for-new program in January this year, to boost domestic consumption.

Ministry of Commerce said in February that the favorable policies for car purchasing had paid off, with a significant rise in the number of subsidy applications.

Dong Yang, the first deputy director of the CAAM, urged the nation s automobile industry to properly handle the relationship between improving product quality and maintaining fast development.