Summary Box: China car sales rise in March

AP News
Posted: Apr 11, 2012 1:52 PM

PRICE CUTS: China's car sales rose 4.5 percent in March from the year before as automakers cut prices to counter slack demand, according to the China Association of Automobile Manufacturers.

SPEED BUMP: Double-digit annual growth in vehicle sales over the past decade dropped to the low single digits as China's economy slowed, though global automakers have generally fared well compared with Chinese competitors.

SUBURBIA SLUMP: Analysts say a slowdown in property sales is one reason for weak SALES growth. Many first time car buyers are families moving from downtown areas to suburbs that lack access to public transport.