China’s 2011 auto sales expected to exceed 18 million
Published on December 21, 2011 by Tycho de Feijter
China’s automobile sales and output this year are set to surpass last year’s 18 million units despite curbs on purchases, the China Association of Automobile Manufacturers (CAAM) said in a latest report.
In the first 11 months, auto output and sales grew about 2 percent year-on-year to 16.73 million units and 16.82 million units, respectively, according to the report.
In November, output and sales both exceeded 1.65 million units, a high level in 2011, but still fell from a year ago due to a high comparison basis. With one month to go, the annual output and sales will surpass last year’s levels, the report added.