The number of cars imported into China has more than doubled in the first 10 months of this year from a year ago.
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Citing a report by the China Association of Automobile Manufacturers, the Yonhap news agency said the number of passenger cars imported reached 628,100 units from January to October in 2010, up 111.9% year on year.
Out of the total number sold, 273,700 units were compact cars, a 128.69% increase from a year earlier.
During the period, China imported the majority of cars from five countries – Germany, Japan, South Korea, the United States and Britain, the report said.
In October, China brought in 56,200 foreign vehicles, down 12.26% month-on-month, but up 23.12% year-on-year.
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By GlobalDataChina’s automobile imports witnessed steady growth from 2007 through 2008, an increase of more than 30%.
In 2009, however, imports were sluggish due to the fallout from the 2008 global financial crisis, growing only 2.8% in terms of the number of units imported.
Many market watchers expect that China’s total auto sales will exceed 17m units this year, a 25% surge from the 13.6m units sold last year.
