Compared to the 2004 sluggish situation, the Chinese domestic automotive market grew steadily in 2005. Car sales reached 296,800 units in June, setting a new record. In particular, the sales of intermediate and low-end cars showed a sharp increase in the first half of 2005. There is a cumulated sale of 2,256,511 cars in the first ten months of 2005, a 25.05% increase year-on-year. Sales volume of passenger cars manufacturers in November is climbing with an average increase of 10% compared to the same period last year, now making November the third sales peak after June and September. [PRWEB]

See full report at: Automotive Research and Markets