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China’s September car sales rise 84%
China’s September car sales rise 84%, top 1 million
Posted Tuesday, Oct 13, 2009, 11:02 am in Employee News
China’s monthly passenger-car sales passed 1 million units for the first time, signaling that the government may ease stimulus measures in the world’s largest auto market so far this year, Bloomberg reported.
September sales of cars, sport-utility vehicles and multipurpose vehicles climbed 84 percent to 1.015 million, the China Association of Automobile Manufacturers said and the news service reported. Overall vehicle sales, including trucks and buses, rose 78 percent to 1.33 million units, Bloomberg said.
General Motors Co. Chief Executive Officer Fritz Henderson said that China’s auto sales will continue growing at “a very significant pace” as the nation’s recovering economy spurs demand, the news service said. The pace of growth may prompt the government to halt tax cuts and subsidies to prevent overcapacity, the story said. (Bloomberg)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
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