China vehicle market up 8.5% in May 2014
In total, 1.91 million vehicles were sold last month, with 1.59 million passenger car sold – up 14% compared to May 2013.
Year to date, 9.84 million vehicles were sold, up 9% from a year earlier.
CAAM has forecast that China's auto market, the world's biggest, would grow 8-10 per cent this year, slowing from last year's 13.9 per cent pace.
According to CAAM, China's vehicle market is forecast grow by up to 10% this year, down slightly compared to last year.
Natalie Middleton
Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
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