Recently Released Market Study: China Autos Report Q3 2012
Total new vehicle sales in China fell 3.4% year-on-year (y-o-y) in Q112, but marginal growth of 1% in March has kept sales volumes on course to meet BMI's forecast of 19.8mn units in 2012. This represents growth of 7% y-o-y, which is below the 8-10% forecast by the China Association of Automobile Manufacturers, but is still a solid improvement on the 2.6% growth of 2011, taking into account weaker economic growth and localised restrictions on car purchases.
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