Passenger vehicle sales in China last month rose 23.6% year on year to 700,500 units, a semi-official industry group said on Tuesday.
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March sales were 43.3% higher than February’s, the China Association of Automobile Manufacturers told Dow Jones in a statement.
CAAM data reportedly showed that 567,000 passenger vehicles were sold in March 2007 and 488,900 were sold in February last year.
In the first three months of this year, 1.85m million passenger vehicles were sold in China, up 20.4% year on year, the association said. Passenger vehicle sales totaled nearly 1.54m in the same period last year, according to CAAM data. Passenger car sales in March alone rose 26% year on year to 515,800 units, it said.
Sales of multi-purpose vehicles were up 7.4% year on year last month at 22,700 units while sport utility vehicle sales were up 48.4% at 43,400 units.
Honda’s Accord reclaimed its spot as the best-selling full-sized sedan in China last month, after losing out to Toyota’s Camry for more than a year, CSM Worldwide auto analyst Yale Zhang told Dow Jones.
