Sinotrust: 2010 auto sales to increase 15% to 15 million units

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Source: Global Times Published: November/18/2009 11:36

October was the eighth consecutive month this year for China’s auto market to reach 1 million vehicle production and sales, although compared with the month before, China's October vehicle sales declined 7.92 percent. The Chinese auto industry also set a record in October by breaking through 10 million units in cumulative production and sales since the beginning of 2009.

According to the Chinese Association of Automobile Manufacturers, China produced 1.258 million units in October, up 79.79 percent year-on-year. In addition, 1.226 million units were sold the same month, an increase of 72.48 percent from a year earlier.

China's auto sales in 2009 is expected to exceed 13 million units. In 2010, the number may increase by 15 percent to 15 million units, according to consulting company Sinotrust International Information & Consulting (Beijing) Co., Ltd.

Agencies and Shi Jierui contributed to this story

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