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www.wjs.com - BEIJING—China's automobile sales in 2009 raced past the U.S. for the first time to take the top spot, as government incentives helped sales surge 46% from a year earlier to 13.6 million vehicles amid a world-wide slowdown.
Auto sales in December nearly doubled, rising 92% from a year earlier to 1.41 million vehicles, the China Association of Automobile Manufacturers said Monday.
Record sales in China last year coincided with record lows in the U.S., as the credit crisis and the resulting slowdown in the economy prompted U.S. consumers to scale down purchases.
About 10.4 million light vehicles were sold in the U.S. last year, down 21% from 2008 and the lowest total sales since 1982. The figure doesn't include sales of heavy commercial vehicles, which totaled about 500,000 units, according to CSM Worldwide analyst Yale Zhang. By contrast, China's 2009 sales, released by CAAM, include sales of heavy commercial vehicles. ...
Auto sales in December nearly doubled, rising 92% from a year earlier to 1.41 million vehicles, the China Association of Automobile Manufacturers said Monday.
Record sales in China last year coincided with record lows in the U.S., as the credit crisis and the resulting slowdown in the economy prompted U.S. consumers to scale down purchases.
About 10.4 million light vehicles were sold in the U.S. last year, down 21% from 2008 and the lowest total sales since 1982. The figure doesn't include sales of heavy commercial vehicles, which totaled about 500,000 units, according to CSM Worldwide analyst Yale Zhang. By contrast, China's 2009 sales, released by CAAM, include sales of heavy commercial vehicles. ...