SHANGHAI, May 13 (SMM) -- According to data released by China Association of Automobile Manufactures (CAAM), China's automobile production and sales in April dropped on a monthly basis, but remained above 1.5 million vehicles, and the year-on-year growth maintained a rapid pace. Of those, production and sales of commercial vehicles were slower to drop than those of passenger vehicles measured on a monthly basis. During the first four months of 2010, China's automobile production and sales both exceeded 6 million vehicles, higher than those during the first half of 2009.
In April, China's automobile production was 1.564 million vehicles, down 9.85% MoM, and up 34.61% YoY; sales were 1.555 million vehicles, down 10.37% MoM, and up 34.37% YoY. Of those, production of passenger vehicles was 1.143 million vehicles, down 12.07% MoM, and up 39.19% YoY; sales of passenger vehicles were 1.111 million vehicles, down 12.18% MoM, and up 33.21% YoY. Production of commercial vehicles was 420,900 vehicles, down 3.20% MoM, and up 23.57% YoY; sales of commercial vehicles were 444,300 vehicles, down 5.51% MoM, and up 37.35% YoY.
From January to April, automobile production and sales in China were 6.118 million and 6.166 million vehicles, up 63.80% and 60.51% YoY, respectively. Of those, production and sales of passenger vehicles were 4.605 million and 4.635 million vehicles, up 70.59% and 63.64% YoY; production and sales of commercial vehicles were 1.513 million and 1.531 million vehicles, up 46.12% and 51.74% YoY.
Falling automobile output indicate demand for lead-acid batteries for start-up will wane. Existing market fundamentals are not expected to support lead prices in the coming 2 or 3 months.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: email@example.com