Quick Take: China Auto Association Predicts 3% Increase in 2018 Sales
China sold nearly 29 million vehicles last year, and the sector is expected to see a 3% increase in 2018, the country’s leading industry association said.
Total sales of 28.88 million units in 2017 is a 3% rise from 2016, the latest figures released by the China Association of Automobile Manufacturers (CAAM) show.
That increase missed the 5% target set by the association last year. Total sales of new-energy vehicles climbed 53.3% to 777,000 units, which also fell short of CAAM’s expectation.
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