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China's Q1 Auto Sales Top 5.42 Million Units

Industry News 09:32:24AM Apr 12, 2013 Source:SMM

BEIJING, April 11 (Xinhua) -- Sales of China-made automobiles posted double-digit growth in the first quarter, the China Association of Automobile Manufacturers (CAAM) said Thursday.

In the January-March period, 5.42 million units were sold, marking a year-on-year increase of 13.18 percent.

Auto output also saw strong growth in the first three months of this year, rising 12.81 percent year on year to 5.4 million units, according to the CAAM.

In March alone, Chinese automakers sold 2.04 million units to dealers, up 50 percent from February, while auto output by domestic manufacturers jumped 54.8 percent over the February figure to reach 2.09 million units. Both figures from March represent new monthly records, CAAM data show.

Despite an annual decline in sales of commercial vehicles, a 17.21-percent increase in passenger car sales was enough to spur the auto market in the first quarter, according to the CAAM.

Sales of passenger cars stood at 4.42 million units, while output rose 16.23 percent to 4.38 million units.

Production of commercial cars nearly stalled in the first three months, adding only 0.08 percent in the period, while sales fell 1.72 percent year on year, CAAM data show.

Shanghai-based SAIC Motor sold the most vehicles in the first quarter of 2013, according to the CAAM, which did not reveal specific numbers.

Since 2009, China has held its position as the world's largest producer and market for automobiles.

 

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China's Q1 Auto Sales Top 5.42 Million Units

Industry News 09:32:24AM Apr 12, 2013 Source:SMM

BEIJING, April 11 (Xinhua) -- Sales of China-made automobiles posted double-digit growth in the first quarter, the China Association of Automobile Manufacturers (CAAM) said Thursday.

In the January-March period, 5.42 million units were sold, marking a year-on-year increase of 13.18 percent.

Auto output also saw strong growth in the first three months of this year, rising 12.81 percent year on year to 5.4 million units, according to the CAAM.

In March alone, Chinese automakers sold 2.04 million units to dealers, up 50 percent from February, while auto output by domestic manufacturers jumped 54.8 percent over the February figure to reach 2.09 million units. Both figures from March represent new monthly records, CAAM data show.

Despite an annual decline in sales of commercial vehicles, a 17.21-percent increase in passenger car sales was enough to spur the auto market in the first quarter, according to the CAAM.

Sales of passenger cars stood at 4.42 million units, while output rose 16.23 percent to 4.38 million units.

Production of commercial cars nearly stalled in the first three months, adding only 0.08 percent in the period, while sales fell 1.72 percent year on year, CAAM data show.

Shanghai-based SAIC Motor sold the most vehicles in the first quarter of 2013, according to the CAAM, which did not reveal specific numbers.

Since 2009, China has held its position as the world's largest producer and market for automobiles.