Sales of new vehicles in China ended 2014 at 23.49 million units, according to figures from the China Association of Automobile Manufacturers (CAAM). While that represents a solid 6.9% year-on-year growth rate, it is hardly the double-digit figures the industry has seen in the past and about half the 13.9% rate seen the year before. Broken down by segment, passenger car sales rose 9.9% last year to 19.7 million units, with a 6.5% fall in commercial vehicle sales to 3.79 million units.
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