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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
