Demand for Automobiles Expected to Grow 7% 2013-Shanghai Metals Market

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Demand for Automobiles Expected to Grow 7% 2013

SMM Insight 11:42:44AM Jan 21, 2013 Source:SMM

 SHANGHAI, Jan 21 (SMM) -

Sales Targets Completion by Major Passenger Vehicle Producers 2012
Among the 25 major domestic passenger car producers, 10 completed their annual sales target in 2012. The completion rate of Chang'an Ford was the highest and reached 112.1%. Of the other 15 enterprises falling short of sales targets, FAW (self-owned brands) only finished less than 50% of its target. 
 
Domestic Automobile Exports Nearly 1 Mln Units Jan.-Nov. 2012
China's domestic automobile exports in the first eleven months of 2012 were 964,667 units, up 27.22% YoY, which is close to the 1 million units expected by the CAAM.

CAAM: Automobile Demand Growth Expected to Reach 7% 2013
The CAAM expressed domestic automobile output in 2012 grew by 4.3% YoY. Automobile market will increase more significantly in 2013, and global demand for automobile is expected to reach 20.80 million, up 7%YoY. 
 
Automobile Sales Up 4.3% to 19.30 Mln Units 2012
 Domestic automobile output and sales in 2012 were 19.27 million units and 19.31 million units respectively, up 4.6% and 4.3% on a yearly basis, and up 3.8 percentage points and 1.9 percentage points from the same period last year.

 

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14000.0
40.0
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13960.0
30.0
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14000.0
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13980.0
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Demand for Automobiles Expected to Grow 7% 2013

SMM Insight 11:42:44AM Jan 21, 2013 Source:SMM

 SHANGHAI, Jan 21 (SMM) -

Sales Targets Completion by Major Passenger Vehicle Producers 2012
Among the 25 major domestic passenger car producers, 10 completed their annual sales target in 2012. The completion rate of Chang'an Ford was the highest and reached 112.1%. Of the other 15 enterprises falling short of sales targets, FAW (self-owned brands) only finished less than 50% of its target. 
 
Domestic Automobile Exports Nearly 1 Mln Units Jan.-Nov. 2012
China's domestic automobile exports in the first eleven months of 2012 were 964,667 units, up 27.22% YoY, which is close to the 1 million units expected by the CAAM.

CAAM: Automobile Demand Growth Expected to Reach 7% 2013
The CAAM expressed domestic automobile output in 2012 grew by 4.3% YoY. Automobile market will increase more significantly in 2013, and global demand for automobile is expected to reach 20.80 million, up 7%YoY. 
 
Automobile Sales Up 4.3% to 19.30 Mln Units 2012
 Domestic automobile output and sales in 2012 were 19.27 million units and 19.31 million units respectively, up 4.6% and 4.3% on a yearly basis, and up 3.8 percentage points and 1.9 percentage points from the same period last year.