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China auto sales hit new high in April
Sales
of China's domestically made vehicle set a record high of 1.153 million
units in April, up 25 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) said Friday.
This represents an increase of 3.91 percent from March. In March, sales rose 5 percent year-on-year to 1.11 million units.
Automakers
produced 1.157 million motor vehicles last month, up17.9 percent
year-on-year, according to CAAM. It was 5.61 percent higher than March.
CAAM
said the April figure showed the country's auto industry had seen signs
of recovery as the government's stimulus policies began to have an
effect.
The association said the continuous pick-up in passenger
car sales was bolstered by government stimulus policies. China unveiled
a support package for the auto industry early this year, cutting
purchase taxes for cars with small engine capacities and providing
subsidies to rural purchasers.
In the first four months, motor
vehicle sales hit 3.832 million units, up 9.4 percent year on year,
while a total of 3.725 million units were produced, up 6.4 percent,
according to CAAM.
Passenger car (sedans, SUVs and MPVs) sales
in April rose 37.37percent from a year earlier to 831,000 units. The
March figure stood at 772,000 units. While commercial vehicles (busses,
trucks and pick-ups) fell 4.53 percent from March to 322,100 units in
April, but rose 1.38 percent from a year earlier.
Passenger car
sales in the first four months climbed 15.09 percent from a year ago to
about 2.83 million units. Production totaled more than 2.69 million
units, up 9.75 percent year on year.
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