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China Auto Group Says Sales in 2013 May Reach 20 Million

China vehicle sales, including those of cars and buses, may rise about 5 percent this year and reach 20 million units, spurred by a rebound in economic growth and rising incomes, an official said.

Total auto sales, which includes passenger and commercial vehicles, rose “four to five percent” in 2012 to about 19 million units, Ye Shengji, deputy secretary general of the state-backed China Association of Automobile Manufacturers, said in an interview today, citing his personal opinion. Competition will probably intensify, with foreign automakers likely to increase incentives to gain market share, he said.