Fast Vehicle Sales Growth Fuels China Tyre Build

China’s Ministry of Industry and Information Technology reports that first quarter auto sales reached 4.61 million vehicles, a 72 per cent year-over-year increase, states Tire Review. Vehicle sales growth rates in China are expected to remain around 15 per cent annually over the next three to five years, the Ministry claimed.

Tyre production also saw high growth, the Ministry reported, with production for the quarter reaching 167.44 million units, up 35 per cent over the same period in 2009. The anticipated vehicle sales growth rate will directly impact tyre production, though Chinese officials offered no volume projections.