China's Commerical Vehicles Demand May Reaches to 3.85m units

    Summarize:China's total vehicle demand consists of 16.8 million passenger cars, 8.5 percent more than that in 2012, and 385,000 commercial vehicles, an increase of 1 percent, the Economic Information Daily reported, citing China Association Auto Manufacturers.

    www.chinatrucks.com: China's total vehicle demand consists of 16.8 million passenger cars, 8.5 percent more than that in 2012, and 385,000 commercial vehicles, an increase of 1 percent, the Economic Information Daily reported, citing China Association Auto Manufacturers.

    The total demand is calculated by the total Chinese vehicles sales plus the number of imports and subtracting the export volume, said Shi Jianhua, deputy secretary-general of China Association Auto Manufacturers.

    The commercial vehicles market, including cargo trucks and buses, may witness a 1 percent increase to 3.85 million. The sales of cargo trucks may grow one percent to 3.3 million, and the bus market may increase to 520,000 with a growth of 5 percent.

    In 2013, the imported cars demand may continuously slow to 25 percent and reach 1.45 million, but export may grow by 24 percent to 1.30 million.

News from: chinadaily.com.cn

TIME:2013-03-11 0:00:00