Passenger car market retail sales in December increased by 25% year-on-year

According to data released by the Passenger Car Market Information Joint Branch of the China Automobile Dealers Association, as of December 22, the retail sales of passenger cars reached 1.692 million units, up 25% year-on-year from the same period in December last year and 14% from the same period last month. The cumulative retail sales so far this year are 21.95 million units, up 6% year-on-year.