SubscribeChina Auto Sales Exceed US for Third Month
Preliminary figures show auto sales in China reached about 1.03 million in March, exceeding U.S. sales for the third month in a row, state media reports said Wednesday.
Data from 14 major auto makers, accounting for roughly 90 percent of total sales, totaled 1.026 million, the Shanghai Securities News and other state-run newspapers said, citing Chen Bin, head of the Department of Industry at China’s main economic planning agency.
Full industry data due to be released by the China Association of Automobile Manufacturers in coming days could push March auto sales in China, the world’s second-largest auto market, to a monthly record, the reports said.
China’s industrywide auto sales in March 2008 totaled 1.06 million, it said.
John Polomny
The Real Deal
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