China January auto sales up 6%

A total of 2.16 million vehicles were sold in the world's largest car market last month, the China Association of Automobile Manufacturers says.

China's auto sales rose 6.0 per cent year-on-year in January to a record high for any month thanks to strong car sales before the Chinese New Year holiday.

A total of 2.16 million vehicles were sold in the world's largest car market last month, the China Association of Automobile Manufacturers (CAAM) said in a statement on Thursday.

"The domestic auto industry had a good start in January, with sales hitting a new record," CAAM said.

Sales of cars alone gained 7.0 per cent from a year earlier to 1.85 million units, helped by solid demand for multi-purpose vehicles and sport-utility vehicles, the group said.

Analysts say seasonal demand before the Chinese New Year, which fell on January 31 this year, boosted sales.

Auto sales surged 13.9 per cent to 21.98 million vehicles last year, CAAM has said, as a recovery in Japanese brands offset the impact of slowing economic growth.

While auto markets elsewhere in the world have been sluggish, China has proved to be an important market for foreign brands.

US auto giant Ford said on Wednesday its January sales in China surged 53 per cent year-on-year to 94,466 vehicles.

Competitor General Motors said on Tuesday its China sales hit an all-time high of 348,061 units in January, an increase of 12 per cent from a year earlier.


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Source: AAP


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