Parallel-import car sales speed up

China's parallel-import car sales are growing at the fastest pace in the past two years, at 31.5 percent to more than 150,000 this year, according to a leading industry insider.

"It has been the best time for the parallel car business," said Tong Shiping, chairman of Tianjin Binhai International Automobile Mart Co Ltd.

"The segment is driving forward fast, thanks to strong local demand and favorable policies," he added.