TABLE-China Sept car sales up 83.6 pct yr/yr

Tue Oct 13, 2009 5:47am EDT

 Oct 13 (Reuters) - China's car sales in September jumped
83.62 percent from a year earlier to 1.02 million units, as
Beijing's policy incentives continued to boost auto demand.
 (For a story on China's auto market outlook click
[ID:nSHA305740])
 Total vehicle sales -- including cars, buses and trucks --
came to 1.33 million units in September, up 77.88 percent from a
year earlier, data provided by the China Association of
Automobile Manufacturers showed.
 China, which overtook the United States as the world's No. 1
auto market in January, had posted car sales growth above 20
percent for three years in a row until slowing economic growth
began to erode demand last year.
 Car sales growth slowed to a single-digit rate in 2008 for
the first time in at least 10 years. But the market has recovered
strongly since February due to government stimulus measures.
 Below is a breakdown for sales in September.
 SEPT                   sales             pct change
 Category                                 (on year)
 All vehicles           1.33 mln          77.88
 Cars                   1.02 mln          83.62
 YEAR TO DATE
 Category                                 (on year)
 All vehicles           9.66 mln          34.24
 Cars                   7.24 mln          41.90
 SEPT                      sales*
 Car maker
 -SAIC-GM-Wuling           93,735
 -Shanghai Volkswagen      70,561
 -Shanghai GM              70,228
 -FAW Volkswagen           65,027
 -Beijing Hyundai          60,870
 YEAR TO DATE               sales
 Car maker
 -SAIC-GM-Wuling           735,464
 -Shanghai Volkswagen      512,070
 -FAW Volkswagen           485,359
 -Shanghai GM              468,301
 -Beijing Hyundai          412,399
 * No percentage comparisons were provided.
 Note: SAIC-GM-Wuling is a joint venture among General Motors
[GM.UL], SAIC Motor Corp (600104.SS), China's largest car maker,
and Liuzhou Wuling Automobile. Shanghai GM is a car venture
between GM and SAIC.
 Shanghai Volkswagen is a joint venture between Volkswagen AG
(VOWG.DE) and SAIC, while FAW Volkswagen is the German
automaker's tie-up with FAW Group.
 Beijing Hyundai is a car venture between Beijing Automotive
Industry Holding and Hyundai Motor (005380.KS).
 (Reporting by Fang Yan and Edmund Klamann in Shanghai)




Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.