China vehicle sales in March increased 4 percent year-on-year

China vehicle sales increased 4.0 percent year-on-year in March from a year previously to 2.5 million vehicles, the China Association of Automobile Manufacturers (CAAM) stated on Tuesday.

That compares to a 22.4 percent boost in February and 0.2 percent development in January.

In the first quarter of this year, sales increased 7.0 percent compared with the exact same duration a year earlier, the association stated at a briefing in Beijing.

In January, CAAM forecasted that sales would increase 5 percent this year, slowing from the 13.7 percent growth in last year because of the rollback of a tax incentive for small-engine vehicles.