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EnlightenedOsote's blog: "NEWS"

created on 01/22/2008  |  http://fubar.com/news/b180730

BEIJING: China has for the first time overtaken the United States as the world's largest auto market with sales of locally-made vehicles surging

17.7 per cent to 6.1 million units in the first six months this year.

Sales of China's domestically made automobiles topped 1.14 million units in June, up 36.5 per cent over the figure a year earlier, the fourth month in a row surpassing the 1.1 million units mark, the China Association of Automobile Manufacturers (CAAM) said.

China's vehicle sales in June rose to 1.14 million, the second-highest month to date after April's 1.15 million units, out of which passenger car sales hit a monthly record of 872,900 units, it said.

Total auto sales for the first half of the year (Jan- June) rose to 6.1 million, up 17.7 per cent from a year earlier, out-pacing the US market, where passenger car sales in the same period plunged to 4.8 million amid the economic slowdown.

CAAM said sales of such automobiles topped 1.14 million units in June, an increase of 36.5 per cent on the year.

This is the first time that sales of locally made automobiles surpassed 1.1 million units four months in a row, it said.

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