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China Auto Sales up 17% in first half year

2008-07-10    Source:english.chinabuses.com

China saw a slowdown in auto sales growth in the first half of 2008, due largely to increasing gas prices and looming restrictions on vehicle operation for better air quality during the upcoming Beijing Olympics.


China Association of Automobile Manufacturers said on Wednesday that between January and June, the country sold 3.61 million passenger motor vehicles, a growth of 17.07 percent over the same period a year previous. The growth rate, however, was 5.19 percentage points lower than the 22.26 percent level recorded in the same period last year.

The total included 2.67 million cars, up 16.72 percent and 111,400 multiple purpose vehicles (MPVs), an increase of 4.09 percent. In addition, 224,300 sport utility vehicles (SUVs) were sold, up 42 percent.



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