Posted by: youngragingbull | March 11, 2013

China’s auto sales surge nearly 20%

China’s auto sales accelerated in the first two months of this year, rising 19.5 percent over the same period of 2012 in a possible positive sign for an economic recovery.

Automakers sold 2.8 million cars in January and February, the China Association of Automobile Manufacturers reported Monday.

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.


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