09 May 2012 10:11 [Source: ICIS news]
The country’s vehicle production in April totaled 1.65m units, representing a 7.8% increase compared with the same period last year, according to the China Association of Automobile Manufacturers (CAAM), saying that the figures came within expectations.
Compared with March, however, vehicle production last month declined 12.4%, the association said.
On a year-on-year comparison,
In the first four months of 2012,
Passenger car sales for the four-month period increased 1.9% year on year to 5.05m, with total production up 4% to 5.07m units, industry statistics showed.
Car production and sales data is an indicator of base oil demand and plastic consumption in the manufacture of automotive parts.
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