China expects automobile industry to remain in top gear
11 months ago

China expects automobile industry to remain in top gear

China Daily  

A row of new energy vehicles await shipment from Ganzhou, Jiangxi province, via a rail-sea intermodal transport service, to Rotterdam Port, the Netherlands in September. HU JIANGTAO/FOR CHINA DAILY China is optimistic about the growth momentum of the automobile industry this year and sees its new energy vehicle sales growing 20 percent year-on-year in 2024, said the country's top industry regulator on Friday. Xin Guobin, vice-minister of industry and information technology, said that based on industry estimates, both the sales and production of automobiles will be able to achieve "stable growth" in 2024 and the momentum of new energy vehicle is expected to sustain this year. Vehicle sales this year is likely to stand at 31 million units, up 3 percent year-on-year, while new energy vehicle sales will grow 20 percent year-on-year to 11.5 million units, Xin said at a State Council press conference on Friday, citing data compiled by industry associations. Xin emphasized that in 2023, China's automobile industry gained momentum with the vehicle sales and production exceeding 30 million units for the first time and new energy vehicle sales and production continuing to lead the world.

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History of this topic

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand
4 days, 2 hours ago

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand

Daily Mail  

British car production has plunged to its lowest level in more than 40 years as automakers struggle to deal with falling demand. Around 64,216 new cars rolled off UK production lines last month, down 30 per cent from last year, according to industry body the Society of Motor Manufacturers and Traders. So far this year, car production is down nearly …

China's auto sector achieves strong growth in November
1 week, 5 days ago

China's auto sector achieves strong growth in November

China Daily  

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

Nation poised to hold more than half of global EV fleet by 2025
3 weeks, 4 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
3 weeks, 5 days ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

China sees more auto trade-ins on policy support
1 month ago

China sees more auto trade-ins on policy support

China Daily  

Xinhua | Updated: 2024-11-19 16:46 Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. BEIJING - China reported a rapid increase in auto trade-ins thanks to policy support designed to benefit consumers. The Ministry of Commerce said Tuesday it had received over 4 million subsidy applications for trade-ins of …

'Irreversible trend' will spur global EV sales
Trending News
1 month ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

'Irreversible trend' will spur global EV sales
Trending News
1 month ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
1 month, 2 weeks ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

China’s exports grew 12.7% in October, fastest pace in more than 2 years
1 month, 2 weeks ago

China’s exports grew 12.7% in October, fastest pace in more than 2 years

Associated Press  

HONG KONG — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September. China’s exports to Russia rose …

China's high-tech manufacturing sector profits up 6.3% YoY in Jan-Sep, showing resilience: NBS
1 month, 3 weeks ago

China's high-tech manufacturing sector profits up 6.3% YoY in Jan-Sep, showing resilience: NBS

China Daily  

An employee checks intelligent manufacturing equipment at a tech company in Ganzhou, Jiangxi province. China's high-tech manufacturing sector's profits rose 6.3 percent year-on-year in the first three quarters of 2024, driven by rapid production growth. Within high-end equipment manufacturing, profits in spacecraft and launch vehicle production rose 17.1 percent year-on-year, while profits in specialized semiconductor equipment manufacturing rose 13.2 percent, …

Country's green drive hits major milestone
1 month, 3 weeks ago

Country's green drive hits major milestone

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-01 09:09 Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China achieved a major milestone in renewable energy development with installations of wind and solar power generating units surpassing 1.2 billion kilowatts, six years ahead of schedule, said the National Energy …

Chinese EV maker BYD’s revenue beats Tesla for first time
1 month, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Upgrading, trade-in policy bearing fruit
3 months ago

Upgrading, trade-in policy bearing fruit

China Daily  

A man inspects a Honda Civic sedan at the old-for-new promotion event in Handan, Hebei province, in April. HU GAOLEI/FOR CHINA DAILY China has issued 300 billion yuan in treasury bonds to support equipment upgrades and trade-in deals for consumer goods, significantly boosting the growth of consumption and economic momentum, said the country's top economic regulator. "The policy has effectively …

Innovation drives Anhui's smart plants
3 months ago

Innovation drives Anhui's smart plants

China Daily  

The Experimental Advanced Superconducting Tokamak device is expected a boost to Anhui's sci-tech advancement. The province's total industrial added value reached 1.4 trillion yuan — 10th in the country, confirming that Anhui has joined the top league of China's major industrial provinces. Besides expanding its automobile sector, Anhui is building industrial clusters of advanced photovoltaic and new energy storage with …

Guangdong foreign trade sweeps upward
3 months, 1 week ago

Guangdong foreign trade sweeps upward

China Daily  

Guangdong's foreign trade has made significant progress in emerging markets while maintaining good growth momentum in traditional markets during the first eight months of this year. According to the statement, exports of vessels, electric vehicles and containers achieved faster growth between January and August, increasing by 47.6 percent — 68.2 percent and 133.1 percent year-on-year, respectively — becoming new growth …

Glory days for automakers like Ford, General Motors in China are over
3 months, 3 weeks ago

Glory days for automakers like Ford, General Motors in China are over

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. The rapid rise of China’s homegrown electric vehicle makers, such as BYD and Xpeng, is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing …

Chinese EV giant BYD posts 24.4% rise in profit
3 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Experts see economy stabilizing
4 months ago

Experts see economy stabilizing

China Daily  

A worker conducts motion tests on AGV handling robots at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces will inject fresh …

Experts see economy stabilizing
4 months ago

Experts see economy stabilizing

China Daily  

China's economy is likely to gradually stabilize in the third and fourth quarters, as policymakers are poised to step up stimulus measures aimed at stabilizing growth and deepening economic structural reforms, prominent economists said on Monday. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces …

Smart features drive up Chinese carmakers
4 months, 1 week ago

Smart features drive up Chinese carmakers

China Daily  

Su Jun, president of J.D. Smart onboard functions have enabled Chinese automotive startups to make foray into high-end markets and compete with established global giants, said a senior J.D. "Smart NEVs have won the heart of Chinese car buyers," said Su Jun, president of J.D. Smart cockpit technologies are more widely accepted by new vehicle owners in China and are …

Next-gen clean tech key to China's carbon neutrality goal
4 months, 1 week ago

Next-gen clean tech key to China's carbon neutrality goal

China Daily  

An employee operates carbon capture, utilization and storage equipment at a platform off Guangdong province in May 2023. MAO SIQIAN/XINHUA The clean energy industry contributed 11.4 trillion yuan to China's economy last year, accounting for 9 percent of the country's GDP and contributing 40 percent to its GDP growth. The clean energy industry has been one of the main drivers …

New energy vehicles dominate delivery figures for first time
4 months, 1 week ago

New energy vehicles dominate delivery figures for first time

China Daily  

The 2024 L9 model displayed at the Li Auto booth attracts visitors' attention during the 21st Changchun International Auto Expo in Changchun, capital of Jilin province, in July. TANG KE/FOR CHINA DAILY Retail sales of new energy vehicles accounted for 51.1 percent of total passenger vehicle deliveries in China in July, outnumbering conventional internal combustion engine vehicles for the first …

Export sector performance exceeds expectations
4 months, 2 weeks ago

Export sector performance exceeds expectations

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. China's export sector saw a better-than-expected performance in the first seven months of the year as overseas demand remained on a steady growth trajectory, fueled by the strong competitiveness of Chinese products across various sectors, officials and analysts said on Wednesday. Zhong Zhengsheng, chief economist at Ping …

China’s exports grow 7% in July, under forecasts, while imports gain momentum
4 months, 2 weeks ago

China’s exports grow 7% in July, under forecasts, while imports gain momentum

Associated Press  

BANGKOK — China’s exports rose 7% in July from a year earlier, below economists’ forecasts for growth closer to 10% as trade tensions and weakening growth in the United States and other major markets weighed on demand. Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Secrets behind global success of Chinese EVs
4 months, 4 weeks ago

Secrets behind global success of Chinese EVs

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

Secrets behind global success of Chinese EVs
4 months, 4 weeks ago

Secrets behind global success of Chinese EVs

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

Electricity consumption soars in 2024 with tech and EV growth
4 months, 4 weeks ago

Electricity consumption soars in 2024 with tech and EV growth

China Daily  

Driven by the rapid development of mobile internet, big data and cloud computing, electricity consumption for internet data services increased by 33.0 percent year-on-year during the first half of this year, according to the China Electricity Council. The rapid growth of electric vehicles led to a 63.7 percent year-on-year increase in electricity consumption for charging and battery swapping services in …

State-owned companies high on reform agenda
4 months, 4 weeks ago

State-owned companies high on reform agenda

China Daily  

An employee works on the production line of a State-owned textile company in Pingdingshan, Henan province. In response to increasing protectionism and global economic uncertainties, China has been allocating more resources to develop strategic emerging industries, with the goal of strengthening self-reliance in high-end technologies and fortifying the backbone of the national economy, said Xiao Shuguang, a professor specializing in …

EV: Keys for climate fight wins
5 months ago

EV: Keys for climate fight wins

China Daily  

WANG XIAOYING/CHINA DAILY Every summer is a reminder of the urgency of climate change. In 2023, the number had soared to 9.50 million, even though purchasing subsidies was started to be phased out from 2016 and completely done around 2022.The high penetration rate of new energy vehicles in China stems from its large production capacity and cost effectiveness, which functions …

【双语财讯】专家：外贸提质将助推中国经济增长
5 months ago

【双语财讯】专家：外贸提质将助推中国经济增长

China Daily  

市场观察人士和企业界人士日前表示，尽管外部挑战仍然存在，但中国的支持性政策和外贸的持续提质将助推中国全年经济增长。 Vehicles await loading to be transported at a terminal of Yantai Port in Shandong province on June 24. ZHU ZHENG/XINHUA China's supportive policies and ongoing quality upgrades in foreign trade are set to bolster economic growth throughout the year despite lingering external challenges, market watchers and business leaders said on Thursday. 日前召开的中国共产党第二十届中央委员会第三次全体会议提出，要进一步深化改革和继续扩大开放，包括深化贸易领域的改革。 According to a communique released on Thursday …

Robust foreign trade to further drive economic growth, experts say
5 months ago

Robust foreign trade to further drive economic growth, experts say

China Daily  

Vehicles await loading to be transported at a terminal of Yantai Port in Shandong province on June 24. ZHU ZHENG/XINHUA China's supportive policies and ongoing quality upgrades in foreign trade are set to bolster economic growth throughout the year despite lingering external challenges, market watchers and business leaders said on Thursday. According to a communique released on Thursday after the …

【双语财讯】专家：外贸提质将助推中国经济增长
5 months ago

【双语财讯】专家：外贸提质将助推中国经济增长

China Daily  

市场观察人士和企业界人士日前表示，尽管外部挑战仍然存在，但中国的支持性政策和外贸的持续提质将助推中国全年经济增长。 Vehicles await loading to be transported at a terminal of Yantai Port in Shandong province on June 24. ZHU ZHENG/XINHUA China's supportive policies and ongoing quality upgrades in foreign trade are set to bolster economic growth throughout the year despite lingering external challenges, market watchers and business leaders said on Thursday. 日前召开的中国共产党第二十届中央委员会第三次全体会议提出，要进一步深化改革和继续扩大开放，包括深化贸易领域的改革。 According to a communique released on Thursday …

Structure more important than growth rate of trade
5 months, 1 week ago

Structure more important than growth rate of trade

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. The national foreign trade data for the first half of the year, released on Friday, show the total value of China's import and export of goods was 21.17 trillion yuan, an increase of 6.1 percent year-on-year, continuing and consolidating the previous upward trend. In terms of growth rate, the …

China sees imports and exports expand yearly
5 months, 1 week ago

China sees imports and exports expand yearly

China Daily  

chinadaily.com.cn| Updated :2024-07-12 China's total goods imports and exports expanded 6.1 percent year-on-year in the first half of this year to 21.17 trillion yuan, hitting a recording high, data from the General Administration of Customs showed on Friday. The country's exports rose 6.9 percent year-on-year to 12.13 trillion yuan during the period, while imports climbed 5.2 percent to 9.04 trillion …

Measures afoot to rev up Shanghai auto sales, boost used car exports
5 months, 1 week ago

Measures afoot to rev up Shanghai auto sales, boost used car exports

China Daily  

Visitors inspect Xpeng models at the Shanghai auto show in April 2023. A nine-item action plan on promoting automobile consumption was unveiled on Wednesday by the municipal government of Shanghai, with an aim of raising the trade volume of the city's secondhand vehicle market to 900,000 units by 2027 and doubling the export of pre-owned cars from 2023 levels, according …

Measures afoot to rev up Shanghai auto sales, boost used car exports
5 months, 1 week ago

Measures afoot to rev up Shanghai auto sales, boost used car exports

China Daily  

Visitors inspect Xpeng models at the Shanghai auto show in April 2023. A nine-item action plan on promoting automobile consumption was unveiled on Wednesday by the municipal government of Shanghai, with an aim of raising the trade volume of the city's secondhand vehicle market to 900,000 units by 2027 and doubling the export of pre-owned cars from 2023 levels, according …

China's auto sector registers growth momentum in H1
5 months, 1 week ago

China's auto sector registers growth momentum in H1

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. In the first six months, China's auto production reached about 13.89 million units, up 4.9 percent year-on-year, the data shows. In the meantime, auto sales stood at 14.05 million units, increasing 6.1 percent from the same period last year. China's auto exports stood at around 2.79 million …

Chinese auto exports surge, partly offsetting a sales slump at home
5 months, 1 week ago

Chinese auto exports surge, partly offsetting a sales slump at home

Associated Press  

BEIJING — Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Sales in China dropped 7.4% compared to a year earlier to 1.8 million cars, while exports rose 29% to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report. The …

China's passenger car exports up 28% in June
5 months, 2 weeks ago

China's passenger car exports up 28% in June

China Daily  

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. BEIJING - China's exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed. With the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year-on-year, …

China achieves record high new energy vehicle registrations in H1
5 months, 2 weeks ago

China achieves record high new energy vehicle registrations in H1

China Daily  

A view of a charging station that utilizes photovoltaic storage systems in Yiyuan county, Shandong province, in May 2023. ZHU ZHENG/XINHUA BEIJING - A record 4.397 million new energy vehicles were newly registered in China in the first half of the year, bringing the total number of NEVs on the road to 24.72 million by the end of June, said …

Tesla included into Chinese government purchase list
5 months, 2 weeks ago

Tesla included into Chinese government purchase list

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. CHINA DAILY Tesla Inc has been included into a government procurement list of East China's Jiangsu province, which marked the United States electric vehicle giant's first time entry into a local government purchasing list in China. The move came at a time when Tesla proposed to test its robotaxi and …

Chinese automaker Geely reports 56% revenue growth in Q1
5 months, 3 weeks ago

Chinese automaker Geely reports 56% revenue growth in Q1

China Daily  

Visitors watch an AI digital chassis of Geely at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 30, 2024. SHANGHAI -- Chinese automaker Geely Automobile Holdings Limited reported year-on-year revenue growth of 56 percent in the first quarter of this year, with its net income soaring 119 percent during the period, according to its Q1 financial report released …

Chinese carmakers to possess 33% market share by 2030: report
5 months, 3 weeks ago

Chinese carmakers to possess 33% market share by 2030: report

China Daily  

An exterior view of the first dealership opened by Chinese carmaker BAIC, April 6, 2023, in Russia. Chinese branded carmakers are expected to take up 33 percent of the overall global market share by 2030 according to a report by Global consulting firm AlixPartners, financial news outlet Cailian Press reported on Friday. Sales volume of Chinese-branded vehicles in the overseas …

China's industrial profits up 3.4% in January-May
5 months, 3 weeks ago

China's industrial profits up 3.4% in January-May

China Daily  

Xinhua| Updated :2024-06-28 BEIJING -- Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 …

China's industrial profits up 3.4% in January-May
5 months, 3 weeks ago

China's industrial profits up 3.4% in January-May

China Daily  

Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's …

China's industrial profits up 3.4% in January-May
5 months, 3 weeks ago

China's industrial profits up 3.4% in January-May

China Daily  

Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

China's consumer goods trade-in program spurs car, home appliance sales
5 months, 4 weeks ago

China's consumer goods trade-in program spurs car, home appliance sales

China Daily  

Visitors watch a new energy vehicle equipped with Huawei's Qiankun system at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. BEIJING -- A consumer goods trade-in program rolled out by the Chinese government in March has spurred rising sales of products such as cars, home appliances and furniture. In May, retail sales of cars exceeded 2.27 …

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