Strong economic growth and consumer confidence boosted first-quarter car sales in China as the mainland shook off last year’s weakness to resume strong double-digit growth.
Light vehicle sales in the world’s largest vehicle market rose 17 per cent to 4.42m in the first three months of the year. In March alone, sales of cars, sport utility and other passenger vehicles climbed to almost 2m, the China Association of Automobile Manufacturers said yesterday.
“China’s auto industry delivered solid double-digit growth, driven by continued expansion of its population of urban middle-class buyers,” said Bill Russo of Synergistics auto consultancy in Beijing and the former head of Chrysler in China.
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