China vehicle sales rise by 24.5% in February

09 March 2012 09:00  [Source: ICIS news]

SINGAPORE (ICIS)--China sold 1.57m units of vehicles in February this year, an increase of 24.5% year on year and 12.8% on month, China Association of Automobile Manufacturers (CAAM) said on Friday.

Its vehicle production in February rose by 28.5% year on year and 23.8% month on month to 1.61m units, the CAAM said without elaborating further.

On a year-on-year comparison, passenger car sales increased by 26.5% to 1.21m units, with its production up by 31.3% to 1.26m units.

In the first two months of 2012, China’s total vehicle sales decreased by 6.0% year on year to 2.95m units, while production fell by 4.9% on year to 2.9m units, according to the association.

Car production and sales data is an indicator of base oil demand and plastic consumption in the manufacture of automotive parts.

By: Fanny Zhang
+65 6780 4359

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