AIRLINK 72.90 Decreased By ▼ -1.20 (-1.62%)
BOP 5.04 Increased By ▲ 0.04 (0.8%)
CNERGY 4.37 Increased By ▲ 0.03 (0.69%)
DFML 30.13 Increased By ▲ 0.59 (2%)
DGKC 84.00 Increased By ▲ 0.45 (0.54%)
FCCL 22.37 Decreased By ▼ -0.06 (-0.27%)
FFBL 33.95 Decreased By ▼ -0.95 (-2.72%)
FFL 10.28 Increased By ▲ 0.41 (4.15%)
GGL 10.35 Increased By ▲ 0.35 (3.5%)
HBL 111.90 Decreased By ▼ -0.10 (-0.09%)
HUBC 140.10 Increased By ▲ 2.41 (1.75%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.35 Decreased By ▼ -0.05 (-1.14%)
KOSM 4.60 Increased By ▲ 0.01 (0.22%)
MLCF 38.50 Decreased By ▼ -0.05 (-0.13%)
OGDC 135.45 Decreased By ▼ -1.15 (-0.84%)
PAEL 26.61 Increased By ▲ 1.47 (5.85%)
PIAA 25.99 Decreased By ▼ -0.52 (-1.96%)
PIBTL 6.64 Decreased By ▼ -0.01 (-0.15%)
PPL 122.41 Decreased By ▼ -2.99 (-2.38%)
PRL 28.25 Increased By ▲ 0.04 (0.14%)
PTC 13.78 Decreased By ▼ -0.52 (-3.64%)
SEARL 54.93 Increased By ▲ 0.33 (0.6%)
SNGP 70.20 Decreased By ▼ -1.00 (-1.4%)
SSGC 10.50 No Change ▼ 0.00 (0%)
TELE 8.63 Increased By ▲ 0.11 (1.29%)
TPLP 11.00 Increased By ▲ 0.06 (0.55%)
TRG 61.20 Increased By ▲ 0.50 (0.82%)
UNITY 25.25 Decreased By ▼ -0.08 (-0.32%)
WTL 1.29 Increased By ▲ 0.03 (2.38%)
BR100 7,653 Decreased By -11.5 (-0.15%)
BR30 25,042 Increased By 16.9 (0.07%)
KSE100 73,018 Increased By 253.5 (0.35%)
KSE30 23,728 Decreased By -47.8 (-0.2%)

imageSHANGHAI: China's auto sales rose 6.0 percent year-on-year in January to a record high for any month thanks to strong car sales before the Chinese New Year holiday, an industry group said Thursday.

A total of 2.16 million vehicles were sold in the world's largest car market last month, the China Association of Automobile Manufacturers (CAAM) said in a statement.

"The domestic auto industry had a good start in January, with sales hitting a new record," CAAM said.

Sales of cars alone gained 7.0 percent from a year earlier to 1.85 million units, helped by solid demand for multi-purpose vehicles and sport-utility vehicles, the group said.

Analysts say seasonal demand before the Chinese New Year, which fell on January 31 this year, boosted sales.

Auto sales surged 13.9 percent to 21.98 million vehicles last year, CAAM has said, as a recovery in Japanese brands offset the impact of slowing economic growth.

While auto markets elsewhere in the world have been sluggish, China has proved to be an important market for foreign brands.

US auto giant Ford said Wednesday that its January sales in China surged 53 percent year-on-year to 94,466 vehicles.

Competitor General Motors said Tuesday its China sales hit an all-time high of 348,061 units in January, an increase of 12 percent from a year earlier.

Comments

Comments are closed.