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Japan firms log record new vehicle sales in China www.nhk.or.jp
Three major Japanese automakers say they sold a record number of new vehicles in China last year.
Nissan Motor says it sold 1,354,600 units, up 8.4 percent from the previous year. Honda Motor reported more than 1,247,700 vehicles sold, up 24 percent and Toyota Motor 1,214,200 units, up 8.2 percent. Each of the firms topped its sales goal.
China's automobile market grew by double digits thanks to strong demand for sport utility vehicles and government incentives such as tax reductions for smaller models.
But an industry group expects the pace of sales increases will slow this year partly due to the scaling back of tax breaks.
Published Date:2017-01-07
