China 2015 Auto Sales Growth Hits Three-year Low

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China 2015 Auto Sales Growth Hits Three-year Low

2016-01-13

By John Ross    Source: CRI    Published: 2016-1-13

 

 

Auto sales in China in 2015 increases 4.7 percent year-on-year, with 24.6 million vehicles sold. [File Photo: expoon.com]


New data from the China Association of Automobile Manufacturers shows auto sales in China in 2015 increased 4.7 percent year-on-year, with 24.6 million vehicles sold.


That growth rate in the world`s largest auto market is the slowest in 3-years.


Auto sales rose nearly 7-percent in 2014 and close to 14-percent in 2013.


New-energy vehicles continued to gain in popularity.


The number sold last year more than tripled year on year to 331-thousand.


For more on China`s auto market, CRI`s Bob Jones spoke with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.


   


 

Key Words: auto; market; slow