China’s passenger-car sales grew 25.6% to 3.19 million units in 2005, but a new report says auto makers' profits slid 40% due to intense competition and a surplus of cars built in 2004.
The Shanghai Daily quotes the Union of National Passenger Car Market Information as saying total output grew 23.6% to 2.5 million units.
"Sales boomed in December compared with the year before, when a lot of cars were added to inventories rather than delivered to customers," union General ...
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