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September 9, 2009

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Home » Business » Auto

Domestic auto makers enjoy another million-selling month

CHINA'S auto sales exceeded 1 million units for a sixth consecutive month in August, the China Association of Automobile Manufacturers said yesterday.

Zhu Yiping, assistant to CAAM's secretary general, said that during the traditionally non-prime sales season vehicle sales had benefited from the country's stimulus measures.

Vehicle sales totaled 1.13 million units last month, representing a year-on-year increase of 82 percent, the association said in a report. Vehicle production increased by 86 percent to 1.14 million units.

Zhu said sales in the first eight months amounted to 8.33 million units and there was no doubt that full-year sales would hit 10 million units, helping the nation to challenge the United States to be the biggest auto market in the world.

Sales of passenger cars jumped 97 percent to 857,500 units in August, according to the report.

Trucks, pick-ups and other commercial vehicles that suffered slow demand due to the economic downturn posted a year-on-year growth of 60 percent to 280,200 units in August, the report showed.

Demand for vehicles climbed in August after China cut fuel prices at the end of July.

Also, the lowered vehicle taxation and financial subsidies offered by the government since the beginning of this year continued to be attractive to Chinese consumers.

Most car makers reported record sales last month. FAW Volkswagen, the Chinese venture of Volkswagen AG, was the best selling car maker in August with sales of 64,764 units.

It is followed by Shanghai Volkswagen and Shanghai General Motors, which sold 63,699 units and 58,634 cars respectively.


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