Car Makers See China Car Sales to Grow 5-10%

2011-12-02

The statistics of China Association of Automobile Manufacturer indicates that the China-made car sales volume from January to October in 2011 increased 3% over the same period last year. It is expected that the 2011 full-year growth will increase 2% to 4%. China and foreign car makers think it is promising to see that the China domestic car sales volume in 2012 will achieve a growth of 5% to 10%. In the last ten years, the annual production and sales of the China-made cars grew from 2 million units to 18 million units approximately, creating a record with an annual average growth of 24%.