China's motorcycle production, sales rally in Jun: CAAM-Shanghai Metals Market

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China's motorcycle production, sales rally in Jun: CAAM

Data Analysis 03:25:37PM Jul 18, 2019 Source:SMM

SHANGHAI, Jul 18 (SMM) – Production and sales of motorcycles in China expanded both on the yearly and monthly basis in June, showed the latest data from the China Association of Automobile Manufacturers (CAAM).

In June, domestic production of motorcycles came in at 1.48 million units, up 2.83% from May and up 8.09% from June 2018, after it lost 0.64% year-on-year in May. 

Sales in June climbed 4.34% on the month, and rose 6.74% on the year, to stand at 1.47 million units, following a year-over-year decline of 1.32% in May. 

In the first half of 2019, production and sales of motorcycles totalled 7.81 million units and 7.77 million units, respectively, with smaller year-on-year declines compared with that in January-May.  

Chinese consumers who purchase electric motorcycles and light electric motorcycles will be exempted from purchase taxes from July 1, according to the Ministry of Finance on May 23.

Key Words:  Market commentary 

China's motorcycle production, sales rally in Jun: CAAM

Data Analysis 03:25:37PM Jul 18, 2019 Source:SMM

SHANGHAI, Jul 18 (SMM) – Production and sales of motorcycles in China expanded both on the yearly and monthly basis in June, showed the latest data from the China Association of Automobile Manufacturers (CAAM).

In June, domestic production of motorcycles came in at 1.48 million units, up 2.83% from May and up 8.09% from June 2018, after it lost 0.64% year-on-year in May. 

Sales in June climbed 4.34% on the month, and rose 6.74% on the year, to stand at 1.47 million units, following a year-over-year decline of 1.32% in May. 

In the first half of 2019, production and sales of motorcycles totalled 7.81 million units and 7.77 million units, respectively, with smaller year-on-year declines compared with that in January-May.  

Chinese consumers who purchase electric motorcycles and light electric motorcycles will be exempted from purchase taxes from July 1, according to the Ministry of Finance on May 23.

Key Words:  Market commentary