China auto sales may reach 19m units this year

Dec 21, 2012

Statistics from the China Association of Automobile Manufacturers showed that deliveries of passenger cars and commercial vehicles in China rose 8.2 percent from a year earlier to 1.79 million units last month. It is the second-highest level this year, making China on the road to meeting record-high annual sales of 19 million units.

As the sales gained 5.3 percent in October, the last two months confirmed the market's turnaround from the 1.8 percent drop in September when consumers shunned Japanese cars amid the Diaoyu Islands dispute.

By last month, the combined auto sales in the country this year had reached 17.5 million units, with the accumulative growth getting back to 4 percent after the deceleration in September.

Passenger car sales by China's brands grew 11.9 percent year on year last month to 638,600 units, taking up 43.7 percent of the country's passenger car sales.

Source：cnautonews.com