March Auto Sales in China Up 55.8% to Record High

Automobile sales in China in March jumped up 55.8% year-on-year to a record 1,735,100 units, according to figures from the Automobile Association, the Ministry of Information Industry cited by the China Association of Automobile Manufacturers (CAAM). Production growth was up 57.7% to 1,734,400 units.

• Passenger car sales were up 63.2% in the month to 1,264,900 units; production growth was up 41.3% to 1.3 million units.

• For the first quarter of CY 2010, automobile sales rose 71.9% to 4.6106 million units. Sales of passenger vehicles in 1Q 2010 rose 76.3% to 3.5239 million units.

• January 2010 auto sales also set a record monthly high, with sales doubling to more than 1.66 million units.

• In 2009, vehicle sales in China rose to some 13.6 million units, making the country the world’s largest automobile market.

• US light-duty vehicle sales in March were some 1.066 million units, according to Autodata, with 1Q CY2010 sales of 2.545 million units.

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