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.
