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Auto exports dive in Jan-Feb

By Li Fangfang (皇冠体育app Daily)
Updated: 2009-04-15 08:02

Consumers at an auto exhibition in Beijing, April 2, 2009. [Asianewsphoto]

Despite booming domestic sales, 皇冠体育app's automobile manufacturers suffered a setback in the overseas market during the first two months of this year.

According to Customs' data, 皇冠体育app exported 40,000 vehicles in the first two months, a 61.7 percent decline year-on-year.

The export volume of 16,000 units in February, 66 percent lower than that during the same month last year, has set a record for the lowest monthly exports since 2007.

Related readings:  皇冠体育app auto export slows in 2008 amid falling demand  Financial crisis hits 皇冠体育app's auto exports  皇冠体育app's April auto exports up 69% year on year  Tough year for vehicle exports to Russia

Analysts said the global economic downturn and the trade protectionist policies some countries adopted were the main reasons for the export decline.

"The financial crisis is the chief culprit," said Hui Yumei, auto analyst with Sinotrust research firm. "Market demand has been shrinking everywhere outside 皇冠体育app. So, it's not unusual to have such an export figure."

Russia, one of the key destinations for 皇冠体育app's automobiles, took a series of protectionist measures in recent months. That meant 皇冠体育app only sold 245 vehicles to Russia during that period, down from 9,636 units sold during the same period last year.