China 1Q commercial vehicle sales up 24.1% at 727,600 Units

BEIJING -(Dow Jones)- Commercial vehicle sales in China rose 24.1% to 727,600 units in the first quarter, data from a semi-official industry group showed Wednesday.

In March alone, 356,100 commercial vehicles were sold in the country, a 27.1% increase from the same period a year earlier, the China Association of Automobile Manufacturers said in a statement.

In the three months ended March 31, vehicle sales in China grew 21.4% to 2.58 million units, the statement said. Sales in March totaled 1.06 million vehicles, a new record high, it said without stating the percentage increase.

The statement didn't provide comparative figures for the year-earlier period.