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Industry- wide auto sales have dropped 27 percent through September.

Meanwhile, Toyota's problems could pull down industry- wide auto sales for January, KeyBanc Capital Markets analyst Brett Hoselton said.

Wang expected China's industry- wide auto sales would rise to 40 million vehicles annually by 2020.

Japan's industry- wide auto sales fell 23 percent in January-March from a year ago, and their U.S. sales were down in April, too.

GM's loss for 2008 was the deepest among Detroit-based automakers as industry- wide auto sales dropped to 16-year lows.

In contrast to a 17 percent climb for U.S. industry- wide auto sales, Toyota's sales dropped 3 percent in November.

GM dealers have complained that the sharp limits to vehicle financing are costing them sales at a time when industry- wide auto sales are contracting sharply.

Industry- wide auto sales fell 8.2% last year, pressured by slowing economy, new emission standards and the impact of Sino-U.S. trade tension.

In an interview with Reuters, Oglesby forecast that industry- wide auto sales in the United States would increase around 7 to 8 percent in 2011.