China's March Auto Sales Continues at a Blistering Pace

This just in from Waverly Advisors: March car sales data released by CAAM today showed another big number: total motor vehicle sales exceeded 1.7 million, a 56% Y/Y increase, with passenger car sales accounted for 1.26 million of those sales (an increase of 63 % Y/Y). Meanwhile total passenger car production levels for Q1 registered at 3.5 million units. Separately the General Secretary of the China Passenger Car Association predicted total passenger car sales would exceed 17 million in mainland china this year in a media interview.
This is one of the amazing statistics to begrudgingly remind the world how well China’s domestic economy is humming along…we remind you that commentary on the state of China’s affairs and economics by those living outside its border are to be taken with a grain of salt, no matter how famous or spectacular they seem to be…Cheers, Mario
Read the original story at Mario Cavolo
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