![]() auto sales, click: hereįor a FACTBOX on China becoming the world’s No. Many people have to wait for weeks or even months to get their cars,” said Qin Xuwen, an analyst with Orient Securities. ![]() “Sales have been extremely hot in most parts of last year with little seasonal changes. The Chinese tally, which also includes heavy vehicles, is still higher than that of the United States after deducting roughly 650,000 units of heavy trucks, Orient Securities said. That compared with annual sales of 10.4 million cars and light trucks sold in the United States, the lowest level in 27 years. Vehicle sales in the country jumped to a record 13.6 million units in 2009, the China Association of Automobile Manufacturers said on Monday, well above the country’s previous target of 10 million units. After a landmark year in which China zoomed past the United States and Chinese automakers made some major acquisitions abroad, Beijing’s renewed policy incentives to bolster demand will likely keep it as a bright spot for car manufacturers battered by the financial crisis.
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