Economy

China's auto sales jump 35.97% in first 9 months

(Xinhua)
Updated: 2010-10-12 21:00

BEIJING -- Auto sales in China rose 35.97 percent from a year earlier to 13.14 million units in the first nine months of the year, the China Association of Automobile Manufacturers (CAAM) said Tuesday.

Auto production rose 36.1 percent year on year to 13.08 million units in the same period.

Related readings:  China's auto sales jump 36% in first 9 months  Evergrande says it expects to beat its own full-year sales target  Retail sales up 18.7% during National Day week  Chinese pharma sales to boost global demand  Sales of imported luxury cars storming ahead

The sales figure is close to the total number of vehicles sold last year, when China overtook the United States to become the world's largest auto maker and auto market. Then, Chinese auto production and sales hit 13.79 million and 13.64 million units, respectively.

China's annual production and sales of new autos will surpass 17 million units this year, CAAM forecast.

In September alone, auto production was 1.59 million units, up 16.94 percent from a year ago and 24.69 percent from August.

A total of 1.56 million units of domestically-made vehicles were sold in China in September, up 16.89 percent from a year ago and 17.73 percent from August.

Production of passenger vehicles in the first nine months rose 38.07 percent from a year earlier to 9.88 million units while sales rose 36.68 percent to 9.9 million units.

Production of commercial vehicles in the first nine months grew 30.35 percent from a year earlier to 3.2 million units while sales rose 33.85 percent to 3.24 million.