|
. | . |
|
by Staff Writers Shanghai (AFP) April 9, 2015 China's auto sales rose 3.3 percent year-on-year to 2.24 million vehicles in March, an industry group said Thursday, rebounding from a holiday slowdown. Vehicle sales had slipped 0.2 percent from 2014 in February, which included a week-long holiday for the Chinese New Year. For the first three months, auto sales gained 3.9 percent on the same period last year to 6.15 million vehicles, according to the China Association of Automobile Manufacturers (CAAM). China is the world's largest auto market, yet slowing economic growth, limits by some cities on vehicle numbers and a prolonged corruption crackdown affecting the luxury segment have all had an impact on sales. Foreign brands have outpaced the market, helped by greater recognition and perceptions of better quality. Vehicle sales by US auto giant General Motors in China increased 8.0 percent year-on-year in March to a record 338,350 units, the company said Tuesday. Another US company, Ford, said this week it sold 104,842 vehicles in China for March, up 1.0 percent from the same month last year. Ford last month opened a $760 million assembly plant in Hangzhou city, boosting its China production capacity by 250,000 vehicles. China's auto sales reached 23.49 million vehicles last year, jumping 6.9 percent from 2013.
Related Links Car Technology at SpaceMart.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |