China auto sales up 3.5% in 2017-Shanghai Metals Market

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China auto sales up 3.5% in 2017

Industry News 09:50:29AM Dec 14, 2017 Source:SMM

SHANGHAI, Dec 14 (SMM)-China's 2017 automobile output and sales volumes are set to reach 29 million units, up 3.5% from a year ago, according to Xu Haidong, assistance general sectary of China Association of Automobile Manufactures.

In 2018, however, the growth is forecast to be slower at 3%, he added. In the near term, China’s auto market is likely to keep a positive but small increase. While traditional sedans and commercial vehicles may see negative growth, SUV and new-energy vehicles would see a stronger growth.


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

 

Key Words:  auto   sales   output 

China auto sales up 3.5% in 2017

Industry News 09:50:29AM Dec 14, 2017 Source:SMM

SHANGHAI, Dec 14 (SMM)-China's 2017 automobile output and sales volumes are set to reach 29 million units, up 3.5% from a year ago, according to Xu Haidong, assistance general sectary of China Association of Automobile Manufactures.

In 2018, however, the growth is forecast to be slower at 3%, he added. In the near term, China’s auto market is likely to keep a positive but small increase. While traditional sedans and commercial vehicles may see negative growth, SUV and new-energy vehicles would see a stronger growth.


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

 

Key Words:  auto   sales   output