Thursday, April 9, 2009

Mainland car sales rise


Mainland car sales rise
09-04-2009

Overall vehicle sales on the mainland hit a monthly record of 1.1 million last month - up 5 percent from a year ago.

Sales of passenger cars rose the most - by a margin of 10 percent, to 772,000.

The robust sales figure was boosted by tax cuts and government subsidies.

Some analysts say China may overtake the US as the world's biggest car market later this year, as sales in the US have been plummeting.