China Automobile Association: This year's car sales are expected to exceed 20 million vehicles

Abstract Gu Xianghua, deputy secretary general of China Association of Automobile Manufacturers, said that the growth rate of the country's automobile market is expected to be 10%-12% in 2013, and the annual sales volume of automobiles may exceed 22 million. Since the beginning of this year, the external environment for the development of the Chinese auto market has improved. Active fiscal politics...
Gu Xianghua, deputy secretary-general of the China Association of Automobile Manufacturers, said that the growth rate of the country's auto market is expected to be 10%-12% in 2013, and the annual auto sales volume may exceed 22 million.

Since the beginning of this year, the external environment for the development of the Chinese auto market has improved. A proactive fiscal policy and a prudent monetary policy are expected to increase fixed asset investment, which will benefit the growth of the commercial vehicle market; and the rigid demand for automobiles will continue.

In the first ten months of this year, China's automobile production and sales hit another record high. The accumulated sales in the first 10 months were 17.816 million units, a year-on-year increase of 13.5%. Among them, the production and sales of passenger cars maintained a rapid growth trend, with a cumulative sales of 14.455 million units, an increase of 15% year-on-year; the cumulative sales of commercial vehicles was 3.361 million units, an increase of 7.4%.

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