China auto sales growth slows

12 Apr, 2014

Growth in auto sales in China - the world's biggest car market - slowed sharply in March, an industry group said Friday as the economy weakens. Sales of all types of vehicles rose 6.6 percent year-on-year to 2.17 million units in the month, the China Association of Automobile Manufacturers (CAAM) said in a statement. Growth decelerated from a 17.8 percent surge in February.
Sales of passenger vehicles alone expanded 7.9 percent on-year to 1.71 million units in March, the association said, citing strong demand for sport utility vehicles and multi-purpose vehicles.

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