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China’s auto sales up 24.51 percent in February

BEIJING – China’s automobile sales in February reached 1.57 million units, up 24.51 percent year-on-year, according to data released by China Association of Automobile Manufacturers (CAAM) on March 9.

Passenger and commercial vehicle sales were 1.21 million and 354,000 units, up 26.52 and 18.08 percent on a yearly basis. The higher growth rates in February were due in part to a lower base number in the Spring Festival month of February 2011.

Combined vehicle sales of the top 10 automakers reached 1.37 million units, accounting for 87.56 percent of the market. Automobile export reached 43,400 units in February, up 63.56 percent.

Automobiles sales in the first two months totaled 2.95 million units, down 5.96 percent. Passenger and commercial vehicle sales dropped 4.37 and 11.91 percent to 2.37 million and 580,600 units, respectively. January-February vehicle export reached 95,200 units, up 48.17 percent.

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