China faces challenges as auto sales continue to expand in September(69435)

China faces challenges as auto sales continue to expand in September

From: Xinhua

Auto sales in China continued to expand last month, raising the forecast for annual sales to a record 17 million units this year, the China Association of Automobile Manufacturers (CAAM) said here Tuesday.

Sales of automobiles rose 16.89 percent in September from a year earlier and 24.69 percent from August to 1.56 million units, while auto production was up 16.94 percent year on year to 1.59 million units, said CAAM.

In the first nine months of this year, auto production reached 13.08 million units, up 36.1 percent from a year ago.

A total of 13.14 million units of domestically-made auto vehicles were sold in China in the same period, up 35.97 percent year on year.

Sales for the Jan.-Sept.period are quite close to the total number of vehicles sold last year, when China overtook the United States to become the world s largest auto maker and auto market with production and sales hitting 13.79 million and 13.64 million units respectively.

China s annual production and sales of new autos are likely to surpass 17 million units this year, CAAM predicted, matching the highest annual level ever reached in the United States.

Although the expansion in the sector has brought in an industrial boom and played an important role in China s domestic demand, it has also triggered widespread concerns over the country s energy capacity, pollution levels and rising traffic pressures.

For general citizens and city planners in China, the increasing number of traffic jams is the most obvious problem in enjoying a life behind the wheel.

China faces challenges as auto sales continue to expand in September

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