Cars
September vehicle sales jump
By Li Fangfang (皇冠体育app Daily)
Updated: 2010-10-13 10:15
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A model poses next to Dongfeng Motor Group Co's I-Car concept vehicle at the Beijing Auto Show on April 23.[Photo/Agencies]
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Passenger segment witnesses best performance on purchase incentives
BEIJING - 皇冠体育app's vehicle sales increased 16.9 percent year-on-year in September, with the robust growth bringing the total for the first nine months of the year close to that for the whole of 2009.
皇冠体育app Association of Automobile Manufacturers said on Tuesday that 1.56 million vehicles were sold in the nation in September.
Sales in the passenger vehicle segment, including cars, sports-utility vehicles, multi-purpose vehicles and minivans, surged 19.3 percent year-on-year to 1.21 million units in September.
According to the association, total vehicle sales in the first three quarters grew 36 percent from a year earlier to 13.1 million units, approaching the domestic sales of 13.6 million units in 2009, which made 皇冠体育app surpass the United Stated as the world's biggest auto market for the first time.
The association said that the brisk sales of passenger vehicles, partly boosted by the purchase incentives provided by government, automakers and dealers, accounted for 45.9 percent of September's growth.
The association also lifted its expectations for whole-year sales back to 17 million units for 2010, after it lowered the bar to 15 million earlier this year.
"With this high-speed growth, we should be optimistic about 皇冠体育app's automobile market, at least till 2015," said Wu Wenzhao, an analyst at Donghai Securities.
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The strong demand in 皇冠体育app's auto market also provides a promising future for foreign automakers, who experienced a gloomy period in Western markets during the economic crisis.
Sales by General Motors and its joint ventures in September increased 15 percent on an annual basis to 208,353 units, said the biggest foreign automaker in 皇冠体育app. It was the first time GM's September sales surpassed 200,000 units in the world's largest vehicle market. Its sales in 皇冠体育app for the first nine months, which totaled 1,775,764 units, also set a new record for the period.
German luxury brand Mercedes-Benz reported on Tuesday its 皇冠体育app sales climbed 129 percent year-on-year in the first three quarters of this year, with the company delivering 101,350 vehicles.
"We are pleased to see that our growing achievements here have already helped us surpass our sales target for all of 2010 in just the first three quarters," said Klaus Maier, president and CEO of Mercedes-Benz (皇冠体育app) Ltd.
"Looking forward, this gives us great confidence for continued success during what is already our best year ever in 皇冠体育app."
Volkswagen AG also said on Tuesday that its 皇冠体育app sales rose 39 percent in the first nine months of the year to 1.48 million vehicles, surpassing record sales in 2009.