Business
        

Cars

China's Q1 home-made auto sales up 8%

Updated: 2011-04-11 10:15

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China's home-made auto sales went up eight percent year-on-year to 4.98 million units in the first quarter of this year, the China Association of Automobile Manufacturers (CAAM) said Sunday.

Related readings:
China's Q1 home-made auto sales up 8% Honda says March China auto sales down 5.3%
China's Q1 home-made auto sales up 8% GM says Q1 China auto sales up 10%
China's Q1 home-made auto sales up 8% China's auto sales growth seen near '10 rate
China's Q1 home-made auto sales up 8% China's Feb auto sales down 33%

The pace of growth was 63.7 percentage points slower than that of the same period last year, said the association.

The home-made auto output totaled 4.9 million units in the first three months, up 7.48 percent year-on-year, but the growth pace was 69.51 percentage points slower than that of the same period in 2010.

Dong Yang, executive vice president and secretary-general of the CAAM, contributed the slower growth rates to oil price hike, expiration of purchases duty incentives, auto purchase restrictions in cities like Beijing and Japanese earthquakes.

E-paper

Green light

F1 sponsors expect lucrative returns from Shanghai pit stop

Buying into the romance
Born to fly
Light of hope

European Edition

Specials

Share your China stories!

Foreign readers are invited to share your China stories.

No more Mr. Bad Guy

Italian actor plans to smash ‘foreign devil’ myth and become the first white kungfu star made in China.

Art auctions

China accounted for 33% of global fine art sales.

Beloved polar bear died
Panic buying of salt
'Super moon'