SHANGHAI, Jan 12 — China’s vehicle sales surged past United States tally to reach record levels last year on government incentives, Eccentric Shaft and automakers are poised for solid but slower growth in the world’Shaft Screw s fastest growing major auto market this year.
After a landmark year in which Chinese automakers made Ball Bearing Screw some major acquisitions abroad, Beijing’s policy incentives to bolster demand will likely keep it as a bright spot for car manufacturers battered by the financial crisis.
Vehicle sales in the country jumped to a record 13.6 million units last year, the China Association of Automobile Manufacturers said yesterday — well above the country’s previous target of 10 million units.
That compared with annual sales of 10.4 million cars and light trucks sold in the US, the lowest level in 27 years.
The Chinese tally, which includes heavy vehicles, is still higher than that of the US after deducting roughly 650,000 heavy trucks, Orient Securities said.
