Auto sales propel 27% to monthly high
By Pan Xiaoyi |
December 8, 2010, Wednesday
|
Print Edition
Print Edition
CHINA'S passenger car sales rose to a record monthly high in November as consumers rushed to purchase on speculation that local governments will rev up measures to control ownership of vehicles.
The combined sales of passenger vehicles, including sedans, sport-utility vehicles and multi-purpose vehicles, soared 27 percent year on year to 1.28 million units last month, the China Passenger Car Association said yesterday.
"In addition to the last rush to take advantage of the central government's stimulus policies before they expire at the year-end, buyers' concern that big cities will impose a limited number of car licenses like Shanghai pushed up auto sales last month," said Rao Da, secretary-general of the car association.
Beijing, suffering from severe traffic congestion, is already eying to control vehicle numbers in the capital city. Suggestions include fees for traffic jams and a threshold for out-of-town citizens to buy cars.
Other cities have expressed an intention to follow Beijing.
Speculation over Beijing's plan spurred a record sales of 96,000 vehicles in the city in November, up 33 percent from a year ago. Su Hui, an analyst at the China Automobile Dealers Association, estimated the number will further increase to 100,000 units in December.
"The strong momentum could continue through December, a prime period for government procurement," Rao said. "Auto prices are also expected to climb slightly."
The combined sales of passenger vehicles, including sedans, sport-utility vehicles and multi-purpose vehicles, soared 27 percent year on year to 1.28 million units last month, the China Passenger Car Association said yesterday.
"In addition to the last rush to take advantage of the central government's stimulus policies before they expire at the year-end, buyers' concern that big cities will impose a limited number of car licenses like Shanghai pushed up auto sales last month," said Rao Da, secretary-general of the car association.
Beijing, suffering from severe traffic congestion, is already eying to control vehicle numbers in the capital city. Suggestions include fees for traffic jams and a threshold for out-of-town citizens to buy cars.
Other cities have expressed an intention to follow Beijing.
Speculation over Beijing's plan spurred a record sales of 96,000 vehicles in the city in November, up 33 percent from a year ago. Su Hui, an analyst at the China Automobile Dealers Association, estimated the number will further increase to 100,000 units in December.
"The strong momentum could continue through December, a prime period for government procurement," Rao said. "Auto prices are also expected to climb slightly."
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