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April 12, 2010

China Car Sales Increase 25% to 17 million units in 2010

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1. China's auto sales are expected to grow by 25 percent this year (13.6 million in 2009), as the market continued its robust growth trend in the first quarter March sales of passenger vehicles, including cars, multi-purpose vehicles (MPVs), sports-utility vehicles (SUVs) and minivans, jumped 63 percent from a year ago and 34 percent from February. First-quarter sales jumped 76 percent to 3.52 million units. The sales figures last month far surpassed expectations. The optimistic forecast that total auto sales will grow 25 percent to hit 17 million units this year.

2. In India, the passenger vehicles segment during April-March 2010 grew at 25.57 percent over same period last year. Passenger Cars grew by 25.10 percent, Utility Vehicles grew by 20.88 percent and Multi Purpose Vehicles grew by 40.94 percent in this period.

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