| China-made passenger car sales up, market still dim |
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| Wednesday,February 11,2009 Posted: 10:32 BJT(0232 GMT) |
| From:za Article type:Original |
The sales of China-made passenger car in January picked up from the previous month in China, buoyed by government policies to boost the auto industry, according to data from the China Association of Automobile Manufacturers (CAAM) on Tuesday
Sales of China-made passenger cars climbed 4.44 percent to 610,600 units from a month earlier. However, the figure was still down 7.76 percent year-on-year.
Zhu Yiping, associate secretary in general with the CAAM, said government stimulus policies for auto industry helped lift sales of China-made passenger cars.
Cars with engine displacement below 1.6 liters stood out, with a month-on-month rise in both output and sales because of the tax incentives, he said. Specific figures were not available.January saw output of China-made autos at 658,800 units, up 5.07 percent from the previous month and down 20.22 percent from the same month a year earlier. Sales stood at 735,500 units, down 0.83 percent month on month and down 14.35 percent year on year.
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