China's economic recovery seems to be on a solid footing this year as total vehicle sales in the country jumped 56 percent in March rising to an impressive total of 1.734 million units, according to the China Association of Automobile Manufacturers. In the first three months of 2010, total vehicle sales in the country stood at 4.6 million units.
The Chinese industry group added that passenger car sales reached 1.26 million . units in March, up 63 percent from a year earlier.
In the first quarter of the year, GM's sales in China rose 71% to 623,546 units, while in the same period, Ford Motor Company saw its sales jump 84 percent to a record 153,362 units.
According to analysts, total vehicle sales in China will grow about 25 percent this year, rising to more than 17 million units. That's even more impressive if you take into account that last year, total vehicle sales in the country surged 45 percent over 2008 to 13.6 million units.
Via: CAAM & AP
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