Robust Q1: Passenger vehicles set the pace
By Zhu Bin | China Daily | Updated: 2013-03-25 05:54
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Potential buyers at an auto show in Jinan, Shandong province last December. Momentum that began in the fourth quarter of 2012 has continued into the first two months of this year. Guo Xulei / Xinhua |
Due to the weeklong Chinese New Year holiday in February, wholesale light vehicle sales in the Chinese market declined 8.4 percent from the previous year to 1.39 million units, an expected payback for the exaggerated year-on-year sales growth of 45.5 percent in January.
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