(Adds wholesale data)
HONG KONG/BEIJING, Sept 9 (Reuters) - Automakers in China shipped 18.7 percent more passenger cars to dealers in August from a year ago, the official China Association of Automobile Manufacturers (CAAM) said on Thursday.
A total of 1.02 million sedans, sport utility vehicles and multi-purpose vehicles were shipped to dealers in August, compared with 858,300 units a year earlier.
That marks an improvement from July when wholesale car sales in the country rose by a mere 13.6 percent, their slowest gain in 15 months.
The following table shows Chinese wholesale passenger car and vehicle sales in August and year-to-date (percent changes are from a year earlier): ————————————————————————————————
Aug pct change y-t-d pct ———————————————————————————————— NATIONAL TOTAL BY CATRC Cars 1,019,000 18.7 8,686,100 39.5 Vehicles 1,323,300 16.1 11,582,600 39.0 ————————————————————————————————
China’s retail car sales in August, however, jumped 59.3 percent from a year earlier to 977,300 units, bouncing surprisingly higher after sluggish sales in the summer months, helped largely by Beijing subsidies for fuel-efficient models.
Total vehicle sales in August — including cars, buses and trucks — rose 55.7 percent from a year earlier to 1.22 million units, the China Automotive Technology & Research Center (CATRC) said.
The following table shows Chinese retail passenger car and vehicle sales in August and year-to-date (percent changes are from a year earlier): ————————————————————————————————
Aug pct change y-t-d pct ———————————————————————————————— NATIONAL TOTAL BY CATRC Cars 977,300 59.3 N/A N/A Vehicles 1,215,500 55.7 9,456,900 31.5 BREAKDOWN BY COMPANY ————————————————————————————————
The discrepancy reflects an upturn in market demand in the world’s largest auto market after Beijing’s subsidies for fuel-saving cars took effect in late July, analysts say.
It also showed that automakers had slowed shipment of their stock to dealers, which have seen their inventory levels piling up since May, when the market started to lose some of its steam.
BREAKDOWN BY COMPANY (Wholesale)
Aug pct change y-t-d pct ———————————————————————————————— *Geely Auto 25,303 10.4 242,721 31.0 Mercedes-Benz 13,340 119.0 87,400 131.0 Dongfeng Motor 140,057 16.1 1,255,884 46.8 Dongfeng Nissan 92,108 19.5 835,278 48.9 Dongfeng PSA 25,341 19.6 225,298 41.9 Dongfeng Honda 21,140 15.3 171,335 34.9 Own-brand car 933 -72.0 17,553 278.5 SAIC Motor 286,814 22.2 2,341,547 39.0 Shanghai VW 86,330 32.1 620,694 40.6 Shanghai GM 81,067 28.1 641,351 57.0 SAIC-GM-Wuling 95,605 6.9 868,403 23.6 Own-brand car 13,018 65.6 106,217 88.6 Toyota Motor 77,000 16.0 504,000 22.0 BYD Co Ltd 31,069 -19.0 353,129 43.4 ^Honda Motor 48,399 5.9 414,730 18.4 Guangqi Honda 27,259 -0.5 243,395 9.1 Dongfeng Honda 21,140 15.3 171,335 34.8 Hyundai Kia 85,827 20.5 N/A N/A Beijing Hyundai 60,824 19.9 N/A N/A DF-Yueda-Kia 25,003 22.0 N/A N/A General Motors 181,625 19.2 1,567,411 N/A Shanghai GM 81,063 28.1 N/A N/A SAIC-GM-Wuling 95,119 7.2 N/A N/A FAW-GM 5.039 N/A N/A N/A Ford Motor 44,047 24.0 368,103 42.0 ^ Car sales only * Denotes new entry ~ Please see note NOTE:
General Motors [GM.UL] operates a 49-51 car manufacturing venture with top Chinese automaker SAIC Motor Corp (600104.SS) in Shanghai.
It also makes mini vans and pick-up trucks in a three-way tie-up with SAIC and Liuzhou Wuling Automobile in southern China. It has another venture with FAW Group, making light commercial vehicles.
Ford Motor makes Fiesta, Focus, Mondeo and other sedan models in China in a three-way tie-up with Chongqing Changan Automobile Co (000625.SZ) and Japan’s Mazda Motor (7261.T). It also holds 30 percent of Jiangling Motors Corp (000550.SZ), which makes Ford’s Transit vans.
Hyundai Motor Co (005380.KS) has a car venture with Beijing Automotive Industry Holding Co. Dongfeng Yueda Kia is a tieup between Dongfeng Motor Group Co (0489.HK), Jiangsu Yueda Investment Co (600805.SS) and Kia Motors Corp (000270.KS).
Honda Motor makes cars in tie-ups with Dongfeng Motor Group Co (0489.HK) and Guangzhou Automobile Group Co (2238.HK).
BYD (1211.HK) is 10 percent owned by U.S. billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N).
Daimler AG (DAIGn.DE) makes Mercedes-Benz models in China in partnership with Beijing Automotive Industry Holding Corp
Dongfeng Motor also makes cars in tie-ups with Honda Motor (7267.T), Nissan Motor (7201.T) and PSA Peugeot-Citroen (PEUP.PA).
Geely Automobile Holdings (0175.HK), a privately-owned fast-growing carmaker, is the latest owner of Ford’s Volvo car unit. (Reporting by Alison Leung and Fang Yan; Editing by Jacqueline Wong and David Holmes)