China Association of Automobile Manufacturers (CAAM)
Beijing - QNA
China Association of Automobile Manufacturers (CAAM) has said, more than 24 million vehicles will be sold this year in the world's largest auto market.
China's vehicle output is also expected to top 24 million units this year, which will account for a quarter of the world's total production and make the country the world's biggest car producer, said CAAM Vice President Dong Yang.
According to the CAAM, 21.98 million vehicles were sold in China in 2013, up 13.87% year on year. Output last year stood at 22.12 million units, up 14.76%.
In the January-August period, both sales and output topped 15 million units, even though the growth rates moderated to 7.67% and 8.61%, respectively.