SHANGHAI, (Xinhua) -- China's auto sales are expected to exceed 25 million units in 2015, said Dong Yang, vice president of China Association of Automobile Manufactures (CAAM), on Tuesday.
According to CAAM, auto sales might increase 7 percent year on year to hit 25.1 million units in 2015.
Sales of passenger vehicles are expected to stand at 21.2 million units, up 8 percent from a year earlier, while sales of commercial vehicles may increase 2.4 percent year on year to 3.88 million units.
CAAM also forecast that in 2015, sales of sedans will rise 1 percent year on year to 12.5 million units, those of SUVs will increase 25 percent year on year to 5.1 million units and those of MPVs will rise to 2.58 million units, up 35 percent year on year.
China's auto sales maintained an average annual increase of 24.1 percent from 2001 to 2010. The rate slowed to 6.8 percent from 2011 to 2014, according to CAAM.