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China passenger car sales up 59.3% y-o-y

09-02-2010 09:39 BJT

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The China Automotive Technology and Research Center says, the country's passenger car sales in August rose 59.3 percent from a year earlier. It fell just short of 1 million units.

The figures mark a sharp improvement on July, when car sales rose 15.4 percent year-on-year. Still, growth was slower than in the first few months of the year when monthly auto sales topped the 1 million unit mark.

Break-neck expansion in the world's biggest auto market has been tapering off since the second quarter, as the government presses the brakes to keep the economy from overheating. Experts are cautious about the outlook for the rest of the year, due to a slowing economy and the higher comparison base from last year.

Editor:Xiong Qu |Source: CNTV.CN

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