China 2015 Auto Sales Growth Hits Three-year Low | |||||||||||
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Auto sales in China in 2015 increases 4.7 percent year-on-year, with 24.6 million vehicles sold. [File Photo: expoon.com]
New data from the China Association of Automobile Manufacturers shows auto sales in China in 2015 increased 4.7 percent year-on-year, with 24.6 million vehicles sold.
That growth rate in the world's largest auto market is the slowest in 3-years.
Auto sales rose nearly 7-percent in 2014 and close to 14-percent in 2013.
New-energy vehicles continued to gain in popularity.
The number sold last year more than tripled year on year to 331-thousand.
For more on China's auto market, CRI's Bob Jones spoke with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.
Author: Source:CRI Editor:Yang Fan