BEIJING: Auto sales in China rose by 32 percent in 2010 as compare to the last year. China sold about 18 million units, said an industry group on Monday– a new record for the world’s largest car market.
Sales in December rose about 18 percent from a year earlier to 1.67 million units, the China Association of Automobile Manufacturers (CAAM) said in a statement.
China left the United States behind in 2009 to become the world’s largest car market. It is a major market auto for foreign manufacturers. GM, Ford and Volkswagen all posted record sales in the country last year.
“The strong growth… was due to both policy incentives and frontloaded consumption as consumers were concerned about the withdrawal of policies,” CAAM said.
Beijing introduced motivational policies aimed supporting the auto market during the global financial crisis.
CAAM forecast that sales and production would grow steadily in 2011, by between 10 and 15 percent. After the government has raised the purchase tax for small cars to 10 percent and Beijing reduce the number of new registrations allowed in the capital in 2011.
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