皇冠体育app

  Home>News Center>皇冠体育app
       
 

Auto output, sales decline month-on-month
By Gong Zhengzheng (皇冠体育app Daily)
Updated: 2005-08-18 05:58

Automobile output and sales in 皇冠体育app tumbled last month from June, according to an industry organization.

Vehicle output stood at 444,900 units in July, down 10.72 per cent from the previous month, according to figures from the 皇冠体育app Association of Automobile Manufacturers.

Sales of domestically-made vehicles dropped 16.11 per cent to 433,200 units.

"The decline (in production) mainly resulted from fewer working days at auto plants due to the hot weather and power shortages," said Zhu Yiping, the spokeswoman of the auto association.

All of the country's five biggest automakers - First Automotive Works Corp, Shanghai Automotive Industry Corp (SAIC), Dongfeng Motor Corp, Chang'an Motor Corp and Beijing Automotive Industry Corp - reported sales decreases in July from the previous month.

Sales of Chang'an, partner of US Ford Motor and Japan's Suzuki Motor, slid the most 46.69 per cent to 38,200 vehicles.

However, compared with a year ago, both vehicle output and sales posted robust growth in July, the auto association said.

Output and sales last month jumped 25.62 per cent and 25.18 per cent respectively from the same period last year, it said.

From January to July, sales of domestically-built automobiles totalled 3.22 million units, up 11.27 per cent from a year ago.

Sales of passenger vehicles, including cars, multi-purpose vehicles, sport utility vehicles and mini vans, grew 14.07 per cent year-on-year to 2.16 million units in the period.

Meanwhile, sales of commercial vehicles trucks and buses amounted to 1.07 million units, up 6.02 per cent.

皇冠体育app's top five automakers sold 2.15 million vehicles in the first seven months of this year, accounting for 66.81 per cent of the total domestically-made automobile sales.

Xu Changming, an auto analyst at the State Information Centre, predicted that vehicle sales would rise 15 per cent to 5.9 million units this year with passenger vehicles growing 18 per cent to 2.9 million units.

"However, this will depend on whether prices in the domestic vehicle market maintain stable. If there are hot price wars in the remainder of this year, customers will wait and see again just as they did last year," Xu told 皇冠体育app Daily.

There have been no signs of a price war in the domestic car market so far this year.

Last week, German auto giant Volkswagen's joint venture with SAIC slashed prices of Gol compact cars and Santana and Passat sedans by 5.9-13.7 per cent, but no other major carmaker has followed suit.



Chimpanzee suffers from smoking addiction
The tide is high but they're holding on
皇冠体育app, Russia military drills stage landing
  Today's Top News     Top 皇冠体育app News
 

EU, 皇冠体育app begin talks on textile row

 

   
 

Joint forces storm beaches at climax of drills

 

   
 

Taiwan students on mainland given level fees

 

   
 

Japan, 皇冠体育app to jointly develop 4G mobile

 

   
 

皇冠体育app says market to decide yuan's value

 

   
 

CCTV sends record invitations for festival

 

   
  Temasek close to buying BOC stake - FT
   
  N. Korea nuclear talks likely as planned
   
  Japan, 皇冠体育app to jointly develop 4G mobile
   
  Two bus accidents claim 33, injure 56
   
  NPC debates further raising tax threshold
   
  Farmers protest over alleged lead poisoning
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Foreign funds allowed into auto trade
   
Changchun International Auto Fair
   
Auto exhibition in Changchun
   
Nissan minivans heading from US to 皇冠体育app
   
Auto trade keeps surplus in the 1st 4 months
   
Nanjing Auto buys collapsed British MG Rover
   
Nanjing Auto buys collapsed British MG Rover
  News Talk  
   
Advertisement