SUVs propel China’s auto sales by 20.3%

Advanced Search

The story appears on

Page A9

November 11, 2016

GET this page in PDF

Free for subscribers

View shopping cart

SUVs propel China’s auto sales by 20.3%

Source: AP | November 11, 2016, Friday |

Print Edition

CHINA’S auto sales soared 20.3 percent in October from a year earlier, lifted by surging demand for sport-utility vehicles, an industry group said yesterday.

Dealers sold 2.3 million cars, minivans and SUVs in the world’s biggest auto market, according to the China Association of Automobile Manufacturers. Total vehicle sales including trucks and buses climbed 18.6 percent to 2.6 million units.

Sales growth plunged last year, slamming global brands that look to China to drive revenue. They rebounded after Beijing suspended a sales tax, though growth is expected to drop back to single digit after the tax cut expires at the end of the year.

Strong demand in lower-priced market segments has helped Chinese automakers recover market share from bigger, richer global rivals.

October’s SUV sales rose 43.3 percent year on year to 896,000 units. Sales of Chinese-brand SUVs increased 60.4 percent to 557,000, expanding the Chinese share of that market by 6.6 percentage points to 62.2 percent.

Sales of sedans rose 10.1 percent to 1.2 million, while those of Chinese-branded sedans grew 8.3 percent to 243,000.

Total auto sales for the first 10 months rose 15.4 percent year on year to 19.1 million.

Auto

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

SUVs propel China’s auto sales by 20.3%

Email this to your friend