11 April 2012 14:18 [Source: ICIS news]
SINGAPORE (ICIS)--China sold 1.84m vehicles in March, a rise of 1.0% year on year and 17.3% month on month, the China Association of Automobile Manufacturers (CAAM) said on Wednesday.
On a year-on-year basis, passenger car sales increased by 4.5% to 1.40m units, with production growing by 5.9% to 1.46m units in March.
In the first quarter of 2012, China’s total vehicle sales decreased by 3.4% year on year to 4.79m units, while production fell by 1.8% year on year to 4.78m units, said the association.
Passenger car sales in the first quarter dropped by 1.3% to 3.77m units.
The major reason behind falls in sales in the first quarter was the big base figures for the same period in 2011, said the CAAM.
Car production and sales data are an indicator of base oil demand and plastic consumption in the manufacture of automotive parts.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections