China's auto sales up 19.5 percent in Jan-Feb
- Associated Press
- March 11, 2013 - 5:34 AM
BEIJING - An industry group says China's auto sales rose 19.5 percent in the first two months of the year in a possible positive sign for an economic recovery.
The China Association of Automobile Manufacturers said Monday that automakers sold 2.8 million cars in January and February. Total sales, including trucks and buses, rose 14.7 percent to 3.4 million vehicles.
That growth was an improvement over 2012's full-year rate of 7.1 percent for cars and 4.3 percent for vehicles overall.
Global automakers are looking to China to drive revenues amid weakness elsewhere. After a surge, the growth rate for auto sales cooled steadily last year due to an economic slump and ownership curbs imposed by some cities to control traffic and smog.
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