Situation review of auto industry in 2016 and the first quarter of 2017

Under the guidance of policy motivation and demand preference, after two years of growth rate at single digit, China`s auto market in 2016 bounced back to the growth rate of double digit. The output and sales volume reached 28.12 million and 28.03 million, respectively, a year-on-year increase of 14.5% and 13.7%, respectively, making a new historical record.