China auto show reports surging sales amid price war

The 12th China Changchun International Automobile Expo concluded on Sunday in the northeastern city of Changchun.

According to the organizers, 146 brands were present at this year’s show with 1,226 models.

And a total of 28,627 vehicles were sold, up from 19,100 last year.

As one of five major auto shows in China, the event has been a barometer for the Chinese car market.

Organizers said this year more than 70 percent of the sedans were priced below market price, indicating an intense price war amid the cooling domestic market.

According to the China Association of Automobile Manufacturers, after years of explosive growth, the Chinese auto market saw sales up by a mere 1.4 percent year on year in the first half of 2015, when around 12 million vehicles were sold.

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