After overtaking the United States in January auto sales for the first time, China extended its lead as the world's largest auto market in the second straight month this year, xinhuanet.com said today.
In February, China sold a total of 827,600 vehicles, up 24.72% year on year (y/y) and up 12.43% month on month (m/m), according to the China Association of Automobile Manufacturers (CAAM). Vehicle output increased 23.08% y/y to 807,900 units. Passenger car sales in February rose 24.23% from a year earlier to 607,300 units, the CAAM said.
Last month, the auto sales in the United States stood at 689,000 units, down 41.3% from a year earlier, the biggest fall in six months, according to industry tracker Autodata. That means China exceeded the U.S. again to be the world's largest auto market in February.
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