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China auto sales surpass U.S. for 3rd month

Posted Wednesday, Apr 8, 2009, 3:28 pm in Employee News

Preliminary figures show auto sales in China reached about 1.03 million in March, exceeding U.S. sales for the third month in a row, state media reports said Wednesday in an Associated Press story.

Sales data from 14 major auto makers, accounting for roughly 90 percent of total sales, totaled 1.026 million, the Shanghai Securities News and other state-run newspapers said, according to the AP. Full industry data due to be released by the China Association of Automobile Manufacturers in coming days could push March auto sales in China, the world’s second-largest auto market, to a monthly record, the report said.

The AP story said China’s industry wide auto sales in March 2008 totaled 1.06 million. Americans bought 857,735 new vehicles in March, down 37 percent from the 1.36 million sold in the same month a year earlier, according to Autodata Corp. (Associated Press/The Detroit News)
 
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