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.
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