China’s vehicle sales hit historical high of 19.3m units in 2012

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.

Vehicle production in 2012 rose by 4.6% from 2011 to 19.3m units, according to data from the China Association of Automobile Manufacturers (CAAM).

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.

By: Fanny Zhang
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