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China 2013 Auto Sales May Accelerate This Year to Top 20 Million

Auto sales in China, including those of cars and buses, may accelerate this year and surpass 20 million units for the first time, spurred by a rebound in economic growth and urbanization.

Wholesale deliveries may gain 7 percent this year to 20.65 million units, led by demand for passenger vehicles, the state-backed China Association of Automobile Manufacturers said in a statement in Beijing today. SUV sales will remain the fastest-growing segment, while commercial vehicles will post a slight gain, according to the projections.