Auto Shanghai 2015 short torque

Auto imports dip amid economic slowdown

China imported 258,000 vehicles in the first quarter, a 17.1 percent fall year-on-year, according to a report by Sinomach Automobile Co Ltd, the country's major importer.

The report said deliveries of imported models to Chinese customers slumped 19.4 percent. Sinomach said that is the result of slowing economic growth in China.

It estimated that the number of imported vehicles will continue slowing in the second quarter or even in the whole year, and suggested that international automakers should adjust their sales goals in China.

China imported 1.42 million vehicles in 2014, an increase of 21.6 percent year-on-year.

China Daily

(China Daily 04/27/2015 page19)