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