China's auto sales exceed 23m units in 2014


(MENAFN) China's auto sales exceeded 23 million vehicles last year, but annual growth halved from 2013 as a weaker economy took its toll on the world's biggest car market, AFP reported.

Sales increased 6.9 percent, or 1.51 million vehicles, hitting 23.49 million, the industry group China Association of Automobile Manufacturers (CAAM) figures showed.

In 2013, sales surged 13.9 percent to 21.98 million vehicles, helped by a recovery in Japanese brands that were earlier hurt by a political row between Beijing and Tokyo.

China remained the world's biggest auto market last year, well ahead of the US. Industry consultant Autodata has estimated total US sales last year reached 16.5 million units, up 5.9 percent on-year.


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