SHANGHAI Both sales and
production in the Chinese automobile sector jumped in March,
the China Association of Automobile Manufacturers (CAAM) said
Auto sales reached 2.04 million
vehicles during the month, up 50.2 percent from February and
10.7 percent higher than a year earlier.
Production jumped 54.8 percent
to 2.09 million vehicles last month, and was up 10.9 percent
from March 2012.
Sales and production both grew
in the first quarter compared with the same period last year,
although the pace slowed from levels seen in the first two
months, CAAM said.
First-quarter sales were up 13.2
percent to 5.42 million vehicles, while first-quarter
production expanded 12.8 percent to 5.4 million vehicles.
Sales of passenger cars in the first three months rose 17.2
percent to 4.42 million units, while sales of commercial
vehicles slipped 1.7 percent to 1 million units compared with
the same period last year.
A version of this article was first published by AMM sister
publication Steel First.