China retained status as the world’s No. 1 auto market in 2015, selling 24.6 million units compared to 17.2 million vehicles sold in the U.S.
China’s car sales in 2015 reached a new high but growth slowed and demand in the world’s largest auto market is expected to cool further this year.
Vehicle makers sold 21.1 million passenger cars—sedans, sport-utility vehicles and minivans—last year, up 7.3% from a year earlier, government-backed China Association of Automobile Manufacturers said on Tuesday. The growth compares a 10% rise in 2014 and a 16% gain in 2013.
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