Chinese auto sales in January and February rose 19.5% over the same time last year. Analysts predict that moderate growth will continue for the rest of the year, following a slack sales year in 2012. The encouraging numbers were pushed partly by rising GM and Ford sales, while Japanese brands faired poorly.
These numbers are good news for American manufactures that will need to continue to increase sales in the world’s largest auto market. The Chinese government’s push for better fuel efficiency may partly explain GM and Ford’s success. Both companies have invested in greener technologies to meet US regulations and consumer demands. This technology may become even more valuable if demand for clean cars grows in China.