China's auto market sees growth in both sales and profits in 2009

Nearly all domestic car makers saw great growth in 2009. Rao Da, secretary-general of the National Passenger Car Information Exchange Association, says the production capacity utilization ratio for most passenger vehicle makers exceeded 120% in 2009, which lies at the core of their rising profits. A senior analyst at Roland Berger says this high production capacity utilization ratio brings high profits to passenger vehicle makers. Performance in the commercial vehicle market was ordinary in 2009.