Dis­counts help lift sales of ve­hi­cle im­ports

China Daily (Canada) - - NEWSCAPSULE -

Strong sales in the fourth quar­ter that were helped by price dis­counts saw ve­hi­cle im­ports grow 7.3 per­cent to 1.17 mil­lion last year, ac­cord­ing to China Au­to­mo­bile Trad­ing (CAT) Co Ltd.

Im­ported ve­hi­cle reg­is­tra­tions reached 1.11 mil­lion in 2013, up 12.6 per­cent.

A slow­down in the mar­ket for im­ported ve­hi­cles “started in the sec­ond half of 2012, as au­tomak­ers ad­justed their prod­uct sup­ply be­cause of the do­mes­tic mar­ket en­vi­ron­ment. The mar­ket touched bot­tom in the first half of 2013,” said Wang Cun, a se­nior man­ager of CAT. CAT, the coun­try’s largest ve­hi­cle im­porter, noted that first-half im­ports slumped 10.7 per­cent to 526,000.

Sport util­ity ve­hi­cles re­mained dom­i­nant among im­ports, with 61.9 per­cent of over­all sales.

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