Car sale growth in China 'slows'

[pampango]

Source: BBC

The growth of car sales in China slowed sharply last month, a report by a private research group suggests.

The number of cars sold in April was up 34% on the same month in 2009, while March's figure had been 63% higher.

A slowing growth rate in 2010 has been widely anticipated - not least because sales are being compared with 2009 levels which was seen as a particularly strong year for domestic demand within China. Total sales growth for the year is expected to be between 15% and 17%.

The majority of sales in China are domestically produced vehicles - built through joint ventures with international carmakers such as General Motors, which is working with Shanghai Automotive Industry Corp, and Ford, which has a joint venture with Changan.

Read more: http://news.bbc.co.uk/2/hi/business/10104427.stm