The Chinese car market is back in shape. Sales of passenger cars rose by 17.7% year on year to 1.78 million in June, according to China Association of Automobile Manufacturers (CAAM). China manufactured 2.05 million vehicles last month, up 10.45% year on year.
In the first six months output and sales rose 6.47% and 8.14% year on year to 12.89 million and 12.83 million units. SUV sales continued their stellar growth but the combined sales of the Top 10 saw a small dip, dropping from 191,830 units in May to 189,130 units in June.
This month’s Biggest Winner is the Honda CR-V and the Biggest loser the Honda XR-V. Some brands just got it all. Here is the Top 10:
Continue reading “Top 10 Best Selling SUVs In China In June”
China, the largest auto market in the world, is facing excessive overcapacity. Some 23.5 million vehicles were sold in China last year and the Chinese Association of Automobile Manufacturers (CAAM) estimates this will grow 7 percent to around 25 million units this year, but at least one-third of the country’s auto assembly lines will remain idle in 2015.
Continue reading “Overcapacity a Real Danger for the Chinese auto market”
China car sales were up again in 2014, according to data released by the China Association of Automobile Manufacturers (CAAM) said Monday. Approximately 23.49 million cars were sold in China last year, a year on year increase of 6.9 percent, according to a CAAM report.
Continue reading “Car Sales in China up 6.9% in 2014”
Ford sales in China are down 4% in September compared with a year ago to about 69.000 vehicles, the first monthly drop for Ford in more than two years. It follows sales increases of 13% in August and 19% in July—strong results that were nevertheless a slowdown from its 62% sales surge for all of 2013.
Continue reading “Ford China sales down 4% in September”
China car sales hit 1.71 million units in August, up 4.04 percent year on year and up 6.72 percent month on month. The automobile output hit 1.71 million units in August, up 2.22 percent year on year, but down 0.34 percent month on month, according to the China Association of Automobile Manufacturers (CAAM).
Continue reading “China Car Sales up 4.04% in August”
Profits of Chinese carmaker BYD decreased 15.5 percent year-on-year to 361 million yuan ($58.7 million) in the first half of this year. The profit fall was “mainly due to the decrease in the traditional automobile business”, the Shenzhen-based carmaker said in a statement.
Continue reading “BYD profit Down 15.5% in H1”
Ford and its Chinese joint ventures sold 90,775 vehicles in China in July, up 25 percent from a year earlier, far outpacing industry growth of 6.7 percent for the same month in the world’s biggest auto market. That follows a 17 percent year-on-year rise in June and a 32 percent increase in May.
Continue reading “Ford sales in China up 25%”
Audi has achieved new record sales figures in the Chinese car market in the first half of 2014, selling a grand total of 268.666 automobiles. That is an increase of 17.8 percent year on year, making Audi the largest premium car maker in China yet again.
Continue reading “Audi sales in China up 17.8%”
Sales of U.S automakers Ford and General Motors in China are up again, big time. Ford’s China sales rose 35% to 549,256 vehicles this year through June, as the automaker dramatically increases its presence in the world’s largest auto market. GM’s China sales rose 10.5% to 1.7 million vehicles, more than the 1.46 million it sold in the U.S. during the same period.
Continue reading “Ford & GM sell More Cars in China”
Years ago, and ever since, Western prognosticators said the Chinese car market was in bubble-territory, and ready to roll over. Last month, as in the months and years before, the market ignored the negative vibes, and powered on. According to data released by China’s manufacturers’ association CAAM, sales in May were up 8.5 percent year-on-year to 1,911,200 units across all segments. For the first five months of the year, sales were up 9 percent to 9,838,100 units. The CAAM is targeting an increase of 10 percent for this year (which would bring sales to over 24 million), and the market is making valiant attempts to comply. Continue reading “China in May: Market up, passenger vehicles up a lot, commercial vehicles down, foreigners up, Chinese down, GM and Volkswagen in dead heat”