China March vehicle sales up 4.0 pct y/y – industry association

0
754

, 11 (Reuters) – vehicle sales rose 4.0 percent year-on-year in March from a year earlier to 2.5 million , the Association of Automobile Manufacturers () said on Tuesday.

That compares with a 22.4 percent increase in February and 0.2 percent growth in January.

In the first quarter of 2017, sales grew 7.0 percent compared to the same period a year ago, the association said at a briefing in Beijing.

In January, CAAM predicted that sales would rise 5 percent this year, slowing from the 13.7 percent growth in 2016 due to the rollback of a tax incentive for small-engine . (Reporting by Lusha Zhang and Jake Spring; Editing by Muralikumar Anantharaman)

LEAVE A REPLY

Please enter your comment!
Please enter your name here