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China automobile sales increase 24.51% in February 2012

According to statistics and analysis of China Association of Automobile Manufacturers (CAAM)£?China automobile sales were 1,567,100 units in February, increase 12.75% compared with last month, and increase 24.51% compared with the same period of last year. Among main automobile categories, passenger car sales was 1,213,100 units, higher than the previous 4.53%, and up 26.52 percent year on year; the sales of commercial vehicle was up to 354,000 units, higher than the previous 54.37 percent, and up 18.08 percent year on year.

From January to February, Chinese auto sales exceeded 2,954,300 units, a decrease of 5.96 percent from a year earlier. Passenger car sales decrease 4.37 percent year on year to about 2,373,700 units; commercial vehicle sales exceeded 580,600 units, a decrease of 11.91 percent from a year earlier.