China became the largest automobile market of the world

The British agency Press Association reported that in the past year, China has implemented more than 50% more cars than a year earlier. Taki way, China has become the largest in sales volume car market in the world.

“Tax relief and subsidies to purchase small cars in the past year, sharply pushed up demand in the market of the country - the source said. - The sale of passenger cars grew by 55%, and machines of all types were sold for a total of 45% more.” The total number of sales of vehicles “has reached 13.6 million units, making China the largest automobile market of the world.

Analysts predict a slowdown in sales this year. Higher percentages of January they explain the number of orders which have remained ever since last year. In January and February sales of vehicles in China grew 84% to 2.87 million units. Manufacture of machinery in the same period increased by 92% - to 2.82 million, ITAR-TASS.

9 March 2010

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