China's auto sales rise 19.5 per cent in January-February, accelerating from 2012 growth rate

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BEIJING, China - An industry group says China's auto sales rose 19.5 per cent in the first two months of the year in a possible positive sign for an economic recovery.

The China Association of Automobile Manufacturers said Monday that automakers sold 2.8 million cars in January and February. Total sales, including trucks and buses, rose 14.7 per cent to 3.4 million vehicles.

That growth was an improvement over 2012's full-year rate of 7.1 per cent for cars and 4.3 per cent for vehicles overall.

Global automakers are looking to China to drive revenues amid weakness elsewhere. After a surge, the growth rate for auto sales cooled steadily last year due to an economic slump and ownership curbs imposed by some cities to control traffic and smog.

Organizations: China Association of Automobile Manufacturers

Geographic location: China, BEIJING

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