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Currently, China"s passenger vehicle production and sales hit a record high. China auto market stays in robust growth and causing China"s auto market to lead the global industry. It is the first time for the domestic monthly production and sales broke the 1 million units. Despite the oil price hike and bad snow which had an impact in this winter, China auto market shows a strong evidence of sale.
The China Association of Automobile Manufacturers (CAAM for short as below) analyses that the hot sale is boosted by Chinese government"s stimulus measures, such as auto tax cut, subsidy for trade-in vehicles, etc. In the year of 2009, the whole auto sale broke through 13 units. In the year of 2008, the whole auto sale was 9.38 million units. Many auto experts predict that the sale will increase 5 percent in the year of 2010 because of good economic expectation in China and the global financial market recovers.