Europe’s largest auto maker Volkswagen AG said recently its sales in China rose 9 percent year on year to a record monthly high in March, buoyed by the country’s overall strong demand for cars. New vehicles sold in China totaled 112,466 units in March, the first month of this year that saw sales exceeding 100,000 units, said the Volkswagen Group China in a statement […]
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Auto prices in China were expected to fall in the fourth quarter led by slowing demand, the price monitoring center under the Chinese National Development and Reform Commission (NDRC) said in a report on recently. Prices fell 2.09 percent in the first nine months due to excessive output and oversupply of new models in the second and third quarters, it said…
China may produce more than 8.6 million vehicles this year as it narrows the gap with Japan and the United States, the world’s top two auto makers, according to the National Bureau of Statistics. China’s economic growth, averaging about 10 percent over the past five years, is raising demand for automobiles and has boosted production from about 100,000 vehicles a year in the 1980s to 7.28 million last year, making the country the world’s third-biggest vehicle producer […]