China vehicle sales up 13.8% year on year in January

18 February 2011 10:09  [Source: ICIS news]

GUANGZHOU (ICIS)--China’s vehicle sales hit a record 1.89m in January this year, up 13.81% from the corresponding period last year and 13.7% from December, according to data from the China Association of Automobile Manufacturers (CAAM) released on Friday.

The country produced 1.8m vehicles in January, 11.3% more than a year ago but 3.6% less than in December, CAAM data showed.

The sale of passenger cars rose 16.2% year on year to 1.5m in January, while production increased 12.4% year on year to 1.4m units, the association said.

China sold more than 18m vehicles in 2010, 32.3% higher than the previous year, based on CAAM data. The country overtook the US in 2009 to become the world's biggest producer and consumer of vehicles.

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By: Fanny Zhang
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