Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • In pictures: Debris and devastation at Air Algérie Flight AH5017 crash scene

    Read more

  • Kerry heads to Paris for new round of Gaza peace talks

    Read more

  • Video: No investigation apparent at site of downed Malaysian plane

    Read more

  • Washington Post correspondent and his wife arrested in Iran

    Read more

  • Paris bans new Gaza protest scheduled for Saturday

    Read more

  • Tour de France fans bring the ambience to the Pyrenees

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • Halal tourism on the rise

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Lithuania’s Navardauskas wins 19th stage of Tour de France

    Read more

  • French lawyer files complaint against Israel at ICC

    Read more

  • Ukraine names acting PM after Yatseniuk's shock resignation

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

Business

China auto sales jumped 32% in 2010

Text by News Wires

Latest update : 2011-01-10

Auto sales in China rocketed 32% in 2010, hitting 18.06 million units sold. The figure is a new record and comfortably secures China’s position as the world’s biggest auto-industry market.

AFP - Auto sales in China rose more than 32 percent in 2010 to 18.06 million units, an industry group said Monday -- a new record  for the world's largest car market.
             
Sales in December rose 17.9 percent from a year earlier to 1.67 million units, the China Association of Automobile Manufacturers (CAAM) said in a statement.
             
China overtook the United States in 2009 to become the world's largest car market and is a key market for foreign manufacturers. GM, Ford and Volkswagen all posted record sales in the country last year.
             
"The strong growth... was due to both policy incentives and frontloaded consumption as consumers were concerned about the withdrawal of policies," CAAM said.
             
Beijing introduced stimulus policies aimed at supporting the auto market during the global financial crisis. Consumers worried authorities would scrap these measures this year snapped up cars in 2010.
             
CAAM forecast sales and production would grow at a steadier pace in 2011, by between 10 and 15 percent, after the government raised the purchase tax for small cars to 10 percent and Beijing slashed the number of new registrations allowed in the capital this year.

Date created : 2011-01-10

  • AUTO IDUSTRY

    Peugeot eyes Chinese market with new model

    Read more

  • AUTO INDUSTRY

    China overtakes US as world's largest car market

    Read more

COMMENT(S)