Sales of domestically made cars in China this year could be almost double those of 2002 if first-half growth rates continue, Dow Jones reported.
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The news agency said that, between January and June, 842,780 Chinese-made cars were sold, up 82% on the same period last year, while sales of all domestically made vehicles surpassed 2 million units, a year on year rise of 32%, according to the China Association of Automobile Manufacturers.
In June alone, Dow Jones noted, sales of domestically made cars surged 61% on year to 156,564 units, a 7% increase from May.
Last year sales of domestically made passenger cars soared 50% to 1.1 million units, the news agency added.
Dow Jones said overall vehicle sales in June jumped 30% year on year to 349,779 units, 10% higher than in May.
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By GlobalDataWhile auto analysts were concerned the SARS outbreak affected the market in April and in May – when car sales fell on a month on month basis – June’s strong showing has assured them China’s car market is still booming, Dow Jones said.
