China Dec. vehicle sales up 16.9 pct y/y

China's auto market continues to grow... the China Passenger Car Association says vehicle sales soared 16.9 percent in December from a year earlier.A total of 2.36 million passenger cars hit the road last month. For

China's auto market continues to grow... the China Passenger Car Association says vehicle sales soared 16.9 percent in December from a year earlier.

A total of 2.36 million passenger cars hit the road last month. For the whole year of 2015, vehicle sales rose 8.5 percent from 2014, beating automobile manufacturers' estimates of around 7 percent.

China is now the world's largest auto market but analysts worry that overcapacity concerns will shadow the industry in the long run.

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