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China's annual auto sales may rise to 19m units
By Lu Nengneng |
December 11, 2012, Tuesday
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Print Edition
Print Edition
CHINA'S monthly auto sales surged to the second-highest level this year in November, setting the world's largest auto market on the road to meeting record-high annual sales of 19 million units, the China Association of Automobile Manufacturers said yesterday.
Deliveries of passenger cars and commercial vehicles in China rose 8.2 percent from a year earlier to 1.79 million units last month. The sales gained 5.3 percent in October, and together the two months confirmed the market's turnaround from the 1.8 percent drop in September when consumers shunned Japanese cars amid the Diaoyu Islands dispute.
By last month, the combined auto sales in the country this year had reached 17.5 million units, with the accumulative growth getting back to 4 percent after the deceleration in September. Deliveries of passenger cars rose 7.1 percent to more than 14 million units.
Japanese carmakers saw their passenger car sales recover in November. Their sales surged 72.2 percent on a monthly basis to 170,200 cars, which helped their market share gain 4.04 percentage points.
Though their sales were still a 36.1 percent drop on an annual basis, they marked a revival from October and September when anti-Japan protests in China almost halved their sales.
Foreign carmakers filled up the vacuum, especially American brands whose sales surged more than 30 percent last month from a year earlier, followed by German, South Korean and French brands growing more than 20 percent each.
Sales by China's brands grew 11.9 percent year on year last month to 638,600 units, taking up 43.7 percent of the country's passenger car sales.
Deliveries of passenger cars and commercial vehicles in China rose 8.2 percent from a year earlier to 1.79 million units last month. The sales gained 5.3 percent in October, and together the two months confirmed the market's turnaround from the 1.8 percent drop in September when consumers shunned Japanese cars amid the Diaoyu Islands dispute.
By last month, the combined auto sales in the country this year had reached 17.5 million units, with the accumulative growth getting back to 4 percent after the deceleration in September. Deliveries of passenger cars rose 7.1 percent to more than 14 million units.
Japanese carmakers saw their passenger car sales recover in November. Their sales surged 72.2 percent on a monthly basis to 170,200 cars, which helped their market share gain 4.04 percentage points.
Though their sales were still a 36.1 percent drop on an annual basis, they marked a revival from October and September when anti-Japan protests in China almost halved their sales.
Foreign carmakers filled up the vacuum, especially American brands whose sales surged more than 30 percent last month from a year earlier, followed by German, South Korean and French brands growing more than 20 percent each.
Sales by China's brands grew 11.9 percent year on year last month to 638,600 units, taking up 43.7 percent of the country's passenger car sales.
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