THE production and sales of vehicles in China in March helped drive the total figures for the first quarter of the year past the 2-million mark for the first time in history, the China Association of Automobile Manufacturers said yesterday.
In March, 2.09 million units of vehicles were sold, up 10.9 percent from a year earlier, while 2.04 million units were produced, a 10.7-percent annual rise.
This strong upward trend pushed production of cars in the country during January-March up 12.9 percent from a year earlier to 5.4 million units while deliveries expanded 13.2 percent to 5.43 million units, which "sets a good foundation for stabilizing the production and sales situation for the whole year," the association said.
Striking an "optimistic" note, the association in January targeted 7-percent growth in auto sales this year despite the relatively sluggish market.
China's auto market grew 4.33 percent last year, slightly better than the 2.45 percent increase in 2011.