April 11, 2011 - China's auto sales rebounded in March but growth was well below last year's rapid expansion asgasoline prices rose and government incentives wound down.
An industry group, the China Association of Automobile Manufacturers, says sales rose 5.4 percent over a year ago to 1.8 million vehicles. That was up from February's 4.6 percent increase but below 2010's 30 percent expansion.
China passed the United States in 2009 to become the biggest auto market by number of vehicles sold. Industry analysts expect total Chinese sales to rise 10 to 15 percent this year though growth should be much slower than in 2010.
*Source: AP - Associated Press -
Global Car / Automobile Industry
News for China Auto Sales
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