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Retail Car Sales in China Reach 18.9 Million

Retail deliveries of passenger vehicles rose 10% to 18.9 million units in 2014, according to the China Passenger Car Assn.

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Retail deliveries of passenger vehicles rose 10% to 18.9 million units in 2014, according to the China Passenger Car Assn. December sales climbed 11% to 2 million units.

Last year's growth rate compares with 17% expansion in 2013, impacted by China's smallest economic growth rate since 1990. CPCA says demand for sedans advanced 5% last year, down from 13% in 2013. SUVs and minivans remain the market's two most popular body styles.

The state-backed China Assn. of Automobile Manufacturers will report its 2014 sales data on Monday.

Gardner Business Media - Strategic Business Solutions