Auto sales rev up but stocks rise
By Lu Nengneng |
September 8, 2012, Saturday
|
Print Edition
Print Edition
CHINA'S passenger car sales in August drove out quickly from a three-month slowdown although inventories continued to pile up at dealerships, according to an industry association.
Deliveries of sedans, sport-utility vehicles, multi-purpose vehicles and minivans accelerated from July's 8 percent increase by jumping 11.2 percent from a year earlier to 1.16 million units last month, the China Passenger Car Association said yesterday.
The association said the market rebound was within expectations as the high season for domestic car sales approaches in October.
But higher output has created a persistent problem in surplus inventory for dealers, the association said.
More than 1.22 million new cars rolled off assembly lines last month, an increase of 10 percent on an annual basis. The higher production brought this year's cumulative supply surplus to 737,353 units from 670,383 units by July.
Deliveries of sedans, sport-utility vehicles, multi-purpose vehicles and minivans accelerated from July's 8 percent increase by jumping 11.2 percent from a year earlier to 1.16 million units last month, the China Passenger Car Association said yesterday.
The association said the market rebound was within expectations as the high season for domestic car sales approaches in October.
But higher output has created a persistent problem in surplus inventory for dealers, the association said.
More than 1.22 million new cars rolled off assembly lines last month, an increase of 10 percent on an annual basis. The higher production brought this year's cumulative supply surplus to 737,353 units from 670,383 units by July.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
