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China’s automobile sales surge 50.2% during March

Keywords: Tags  China output, automobile production, China Association of Automobile Manufacturers, CAAM, passenger cars, commercial vehicles

SHANGHAI — Both sales and production in the Chinese automobile sector jumped in March, the China Association of Automobile Manufacturers (CAAM) said April 12.

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.

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