Auto output, sales soar in first half
11 July 2007
China's fledgling auto industry maintained strong momentum in the first half of the year, with both vehicle output and sales rising 28.94% and 26.71%, respectively, compared with the same period last year, according to the China Association of Automobile Manufacturers (CAAM), Xinhua reported (in Chinese). Statistics show that in the first half, 2.59 million passenger cars and 1.31 million commercial vehicles left factory floors, up 40.30% and 7.16% from last year. Strong output has caused a price war in the local market, analysts said.