Market Report, "China Autos Report Q3 2013", Published
As the Chinese economy re-orientates itself to a more consumption driven one, auto sales continue to grow at a rapid clip. According to the China Association of Automobile Manufacturers (CAAM), China's March vehicle sales rose 10.7% year-on-year (y-o-y), to hit 2,035,100 units and Q113 sales grew 13.2% y-o-y, to 5,425,500 units. However, light vehicle inventories at dealerships are rising, suggesting to us that growth rates are likely to moderate slightly in the coming months. That said, Q113 performance is firmly...
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