China’s passenger car sales rose 59.26% year-on-year in August to 977,300 units, buoyed by new model launches and better promotions, state media reported, citing data from the China Automotive Technology and Research Center (CATRC). According to the Tianjin-based researchers, August’s growth rate was 43.83 percentage points higher than July’s figure. Total auto sales, including passenger cars, commercial vehicles and tractors, increased 31.53% year-on-year in the first eight months of 2010 to 9.46 million units. CATRC said the average time between the manufacture and purchase of a car narrowed to 57 days from 58 days in July.
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