China Vehicle Sales Beat 20 Million as Smog Chokes Cities

China became the first country in which more than 20 million vehicles were sold in any given year as Toyota Motor Corp. (7203)to General Motors Co. (GM) and Volkswagen AG (VOW) delivered a record number of cars there.

Total deliveries rose 14 percent to 21.98 million units last year and may exceed 24 million in 2014, the state-backed China Association of Automobile Manufacturers said today in Beijing. Last year’s sales of passenger vehicles, excluding buses and commercial trucks, climbed to 17.93 million -- or 15 percent more than the U.S. auto industry -- and may increase 9 percent to 11 percent this year, it said.

>Read more

 

 

 

Leave a Reply

You must be logged in to post a comment.