China's auto sales expected to top 5 million units in 2004

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Last updated at: (Beijing Time) Tuesday, January 20, 2004

China's auto sales expected to top 5 million units in 2004

China's automobile production and sales figures are both expected to exceed five million units, up about 20 percent year-on-year, in 2004, experts say.

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China's automobile production and sales figures are both expected to exceed five million units, up about 20 percent year-on-year, in 2004, experts say.

Sedan production alone is expected to top 2.6 million units.

In the past year, China produced 4.4437 million autos and sold 4.3908 million, a yearly rise of 35.2 percent and 34.21 percent respectively.

Statistics show that in 2003, sedan production registered a record high of 2.0189 million units, up 83.25 percent year-on-year.Meanwhile, sedan sales reached 1.9716 million, up 75.28 percent.

Source: Xinhua

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