11 January 2013 08:11 [Source: ICIS news]
SINGAPORE (ICIS)--China’s vehicle sales in 2012 reached a historical high of 19.3m units, an increase of 4.3% from the previous year, official industry data showed on Friday.
Sales and production of passenger cars both exceeded 15.5m units in 2012, with sales and production rising by 7.1% and 7.2% from 2011 respectively.
In December, both vehicle sales and production reached 1.8m units, surging by 1.1% and 5.5% year on year, respectively.
Meanwhile, December’s sales of passenger cars posted a 6.9% growth year on year to 1.5m units, while production rose by 5.7% year on year to 1.4m units, the data showed.
China has been the world’s biggest car market for four consecutive years, CAAM said.
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