Wednesday, 25 January 2012

China auto sales – Growth strikes the brakes in 2011

Growth in China's automobile sales hit the brakes in 2011, data illustrated, after Beijing rolled back sales incentives and some cities imposed limitations on car numbers.

Total sales in the world's largest vehicle market get higher just 2.5 percent to 18.51 million units last year, the China organization of Automobile Manufacturers said, balanced with an raise of more than 32 percent in 2010.The increase was in line with an previous forecast by the industry group for development of two to three percent in 2011.

China overtake the United States to turn out to be the world's top auto marketplace in 2009 as more and more Chinese recognize the middle-class dream of owning their car. Passenger vehicle sales mount 4.6 percent to 1.37 million units last month.

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