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China January Auto Sales More Than Double To Record 1.66 Million
nasdaq.com ^

Posted on 02/09/2010 6:56:37 AM PST by Fishbed

BEIJING -(Dow Jones)- Vehicle sales in China last month more than doubled from a year earlier to 1.66 million units, a semi-official industry group said Tuesday.

Passenger vehicle sales more than doubled to 1.32 million units in January, the China Association of Automobile Manufacturers said in a statement without giving year-earlier figures.

China's auto sales last year rose 46% to 13.6 million units, displacing the U.S. as the world's largest auto market.

(Excerpt) Read more at nasdaq.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: auto; automakers; china; globaleconomy; growth
Growth rate is 214%, and this year the total auto sales is possibly to be exceed 20 million cars totally according to market analysts.
1 posted on 02/09/2010 6:56:37 AM PST by Fishbed
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To: Fishbed

Crash test videos of Chinese cars are fun to watch. You’ll never see me in a Chinese car!


2 posted on 02/09/2010 6:59:52 AM PST by FoxInSocks (B. Hussein Obama: Central Planning Czar)
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To: Fishbed

They will leave us in the dust. We need to Unionize them ASAP!!! s/


3 posted on 02/09/2010 7:02:11 AM PST by Bringbackthedraft
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To: FoxInSocks

At least they can eat their cars...


4 posted on 02/09/2010 7:05:36 AM PST by Dallas59 (President Robert Gibbs 2009-2013)
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To: FoxInSocks
Crash test videos of Chinese cars are fun to watch. You’ll never see me in a Chinese car!

That would depend on how old you are. If you are in your sunset years, then I will agree with you. If you are just getting started in life, then I can almost gurantee you will ride in one. You may not buy one, but friends, family and coworkers may. And if that is your only ride, you will ride in one. I'm convinced, sometime over the course of the next decade or two, there will be a signficant number of Chinese made cars on American roads.

5 posted on 02/10/2010 11:15:39 AM PST by ponder life
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