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News from the National Development and Reform Commission reports that China auto industry has rebounded in this year. Some auto models are even in short supply and are unable to meet the market demand. Many Chinese auto dealers sell high in recent months.
According to China Association of Automobile Manufacturers (CAAM) says China auto sale is hot in this year even in the low season. All of these results and benefits depend on China’s auto stimulus policies and stable economic foundation. CAAM also shows that in the first eight months of this year, production and sales in China auto industry increased by more than one 25 percent year-on-year.
Experts predict the China will likely sell more than 2 million vehicles compared to the previous year.