TABLE-China Jan car sales up 20 pct yr/yr, growth slows
SHANGHAI, Feb 21 (Reuters) - Vehicle sales growth in China, the world's second-largest auto market, slowed to 20 percent year-on-year in January compared with growth in the same month of 2007, as fierce winter weather disrupted production.
Several automakers have said, however, that the impact of snow and ice storms that battered the central and southern part of the country last month would be short-lived as lost production hours could easily be made up with weekend shifts.
Car sales last month totalled 661,900 units, up 19.80 percent from a year earlier, compared with 31.03 percent growth in January of 2007, according to official data from the China Association of Automobile Manufacturers.
Vehicle sales, including cars, buses and trucks, came to 859,400 units in January, up 19.83 percent, the country's official industry association said on Thursday. That was also much slower than a 34.27 percent increase in the same month of last year.
Car sales grew 21.68 percent to 6.30 million units in 2007, following a 30.02 percent rise in 2006 and a 21.4 percent rise in 2005.
Below is a breakdown for sales in January.
JANUARY sales pct change
Category (on year)
Cars 661,900 19.80
All vehicles 859,400 19.83
JANUARY sales*
Car Maker
-FAW Volkswagen 65,709
-SAIC-GM-Wuling 59,239
-Shanghai Volkswagen 45,969
-Shanghai GM 44,122
-Chery 34,771
* No percentage comparisons provided.
Note: Shanghai GM is a joint venture between General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) and SAIC Motor Corp (600104.SS: Quote, Profile, Research, Stock Buzz), China's largest car maker. SAIC-GM-Wuling is a tie-up among SAIC, GM and Liuzhou Wuling Automobile.
Shanghai Volkswagen is a joint venture between Volkswagen AG (VOWG.DE: Quote, Profile, Research, Stock Buzz) and SAIC, while FAW Volkswagen is the German auto maker's tie-up with FAW Group.
Chery Automobile is a home-grown manufacturer. It has agreed to set up a car venture with Fiat SpA (FIA.MI: Quote, Profile, Research, Stock Buzz). (Reporting by Fang Yan; Editing by Edmund Klamann)
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