The China Association of Automobile Manufacturers (CAAM) has said China’s car sales in February surged 24% over year ago levels to 607,300 units in February.
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The CAAC data confirms earlier reports of a February sales surge on the back of government incentives designed to stimulate car sales.
Total vehicle sales — including cars, buses and trucks — rose 25% year-on-year to 827,600 units in February, the first time it surpassed the 800,000 level since June 2008.
Passenger car sales in China are forecast by analysts to grow at a more moderate rate of roughly 10% in March.
“China’s car market will grow 10% this year, if there is good growth of 5 to 10% in March,” Nigel Harris, Ford’s chief of sales and marketing in China, told Reuters this week.
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