USEUROPEAFRICAASIA 中文双语Français
Home / World

Car sales growth may fall short of estimates

By Tian Ying and Bonnie Cao | China Daily | Updated: 2011-04-12 08:00

BEIJING - China's passenger-car sales may grow at a slower pace this year than was earlier estimated by a group of the nation's automakers after the government ended incentives for purchases and raised fuel prices.

Sales growth this year may fail to reach a previous estimate by the China Association of Automobile Manufacturers for a 10 percent to 15 percent increase, said Dong Yang, vice-chairman of the association.

"I am concerned about whether our growth rate is too low," Dong said at a briefing in Beijing on Sunday. "Some automakers' profitability may be undermined this year and some may even face difficulties in their operations."

Car sales growth may fall short of estimates

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US