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China’s vehicle sales experience double digit growth in January

by Nigeria Today
February 7, 2024
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According to the China Association of Automobile Manufacturers, China’s vehicle sales saw a remarkable surge of 47.9 per cent year on year in January, reaching nearly 2.44 million units. This substantial increase in sales reflects a strong and growing demand for vehicles within the country.

In addition to the impressive sales figures, the association also reported a significant rise in the country’s vehicle output. In January, vehicle production increased by 51.2 per cent year on year, reaching a total of 2.41 million units.

This surge in output demonstrates the robustness of China’s automotive manufacturing sector and its ability to meet the increasing demand for vehicles both domestically and internationally.

This upward trend not only reflects the resilience of the industry but also indicates a promising outlook for the months ahead. As China continues to make strides in its automotive sector, these latest figures underscore its position as a key player in the global automotive market.

Tags: CHINAVehicle Sales

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