Foreign auto makers see mixed sales trends
Source: Agencies |
June 8, 2011, Wednesday
|
Print Edition
Print Edition
FOREIGN auto makers are seeing mixed sales trends in China as the world's biggest market for new vehicles cools after years of torrid growth.
General Motors Co said yesterday its total sales in China fell 3 percent in May from a year earlier to 190,674 vehicles. Its sales in the first five months of the year edged up 5 percent to 1.08 million.
GM's flagship joint venture with Shanghai Automotive Industrial Corp fared well. Its sales climbed 11 percent to 92,519 on robust demand both for fuel-efficient Chevrolet models and for pricier Buicks and Cadillacs.
Ford Motor Co said its sales in China climbed 14 percent from a year earlier to 45,162 vehicles in May. Sales in January to May climbed 15 percent to 230,068, helped by strong demand for the Ford Focus and Mondeo models.
Honda Motor Co said its sales fell 32 percent to 27,204 vehicles in May and about 9 percent in the first five months of the year to 236,264.
Auto sales edged lower in China in April, the first such drop in over two years, as dealers were hit by both weakening demand and the spillover from Japan's earthquake disaster.
Industry-wide sales for May are due later this week. But state media suggest growth will be modest. Domestic auto makers are trying to beat competition at home by focusing on overseas investments and exports.
General Motors Co said yesterday its total sales in China fell 3 percent in May from a year earlier to 190,674 vehicles. Its sales in the first five months of the year edged up 5 percent to 1.08 million.
GM's flagship joint venture with Shanghai Automotive Industrial Corp fared well. Its sales climbed 11 percent to 92,519 on robust demand both for fuel-efficient Chevrolet models and for pricier Buicks and Cadillacs.
Ford Motor Co said its sales in China climbed 14 percent from a year earlier to 45,162 vehicles in May. Sales in January to May climbed 15 percent to 230,068, helped by strong demand for the Ford Focus and Mondeo models.
Honda Motor Co said its sales fell 32 percent to 27,204 vehicles in May and about 9 percent in the first five months of the year to 236,264.
Auto sales edged lower in China in April, the first such drop in over two years, as dealers were hit by both weakening demand and the spillover from Japan's earthquake disaster.
Industry-wide sales for May are due later this week. But state media suggest growth will be modest. Domestic auto makers are trying to beat competition at home by focusing on overseas investments and exports.
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