Summary Box: China auto sales slow in 2011

AP News
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Posted: Jan 12, 2012 11:27 AM
Summary Box: China auto sales slow in 2011

THE DATA: Vehicle sales in China rose a scant 2.5 percent in 2011, the slowest growth in more than a decade, as higher prices and traffic controls kept buyers out of showrooms.

THE HISTORY: Car sales in China soared 32 percent in 2010 after the government cut sales taxes and offered subsidies to spur demand, but growth slowed once the incentives ended.

THE OUTLOOK: China's market is bound to continue to expand, given the relatively low level of vehicle ownership among increasingly affluent families, but most analysts do not expect a return to the torrid growth of the past.