China vehicle sales increased 5.2 pct in June

Wed Jul 9, 2014 2:25am EDT

July 9 (Reuters) - China's vehicle sales grew 5.2 percent in
June compared with the same month a year earlier, an industry
association said on Wednesday, as foreign brands continued to
take market share from Chinese rivals.
    Some 1.85 million vehicles were sold in China in June,
according to the China Association of Automobile Manufacturers
(CAAM).
    During the first half, vehicle sales rose 8.4 percent in the
world's biggest automobile market. CAAM has forecast that the
market will grow 8-10 percent this year, representing slower
growth than last year's 13.9 percent increase.
    U.S. and European brands posted robust growth. Ford Motor Co
 registered China sales growth of 35 percent during the
first half, while French carmaker PSA Peugeot Citroen's
 main Chinese joint venture posted vehicle sales growth
of 24 percent during the period. 
    Meanwhile, some major Chinese carmakers are losing market
share. Sales at Great Wall Motor Co Ltd fell 6
percent by volume during the January-June period, while sales at
Geely Automobile Holdings Ltd were down about 29
percent.  

 (Reporting by Beijing Newsroom and Samuel Shen in SHANGHAI;
Editing by Kenneth Maxwell)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.