China’s auto sales logged a new monthly record in January in a sign of robust demand in the world’s biggest car market, new data showed on Thursday.
Some 2.16 million cars were bought in China last month, a year-on-year rise of 5.99 per cent, while output increased 4.44 per cent to 2.05 million units, the China Association of Automobile Manufacturers (CAAM) said in a report.
Passenger vehicle sales rose 7.03 per cent year-on-year to 1.85 million units, driven mainly by demand for foreign cars as the market share of local brands dropped significantly, state-run Xinhua news agency reported.