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Over 1.8 million cars were sold in the Chinese domestic market in the first half of 2006, a remarkable 46.9 percent increase over 2005.

General Motors' Chinese joint venture was the sales leader, up from third place last year, followed by Chinese/foreign company partnerships led by Volkswagen, Hyundai, and Toyota.

Meanwhile, Detroit Auto Show organizers report that Chinese automakers are busily booking display space for the 2007 edition of the North American International Auto Show.
 

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China car population is growing very fast....their spending power is so strong, economy is growing so fast, within the next five year, definitely it will become the next big brother in the world....
 

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June auto production up 27.82%, sales up 30%

June auto production up 27.82%, sales up 30%
By Du Xiaoli (chinadaily.com.cn)
Updated: 2007-07-19 15:17


Production and sales of automobiles in June reached 736,100 and 726,900 units respectively, up 3.59 percent and 1.82 percent respectively month-on-month and up 27.82 percent and 30 percent year-on-year respectively, according to statistics from the China Association of Automobile Manufacturers.

The production and sales of passenger vehicles rose by 8.30 percent and 4.80 percent month-on-month to hit 533,600 and 511,900 units, a year-on-year growth of 24.67 percent and 28.63 percent respectively. Commercial vehicles enjoyed production and sales of 202,500 and 215,000 units, a month-on-month decline of 7.07 percent and 4.64 percent but a year-on-year growth of 36.95 percent and 33.37 percent respectively.

The top 10 enterprises in passenger vehicle sales in June are FAW Volkswagen, Shanghai Volkswagen, Shanghai GM, SAIC-GM-Wuling, Chery, Changan, Guangzhou Honda, Dongfeng Nissan, FAW Toyota and Geely.

In total, those enterprises' passenger vehicles sales totaled 306,900 units, accounting for 59.95 percent of the total sales of passenger vehicles. Shanghai Volkswagen rose to second place from its fourth place in the previous month while Beijing Hyundai fell out of the top 10.

The top 10 enterprises by commercial vehicle sales are Beiqi Foton, Dongfeng, First Automotive Works Corp (FAW), Changan, Jianghuai, China National Heavy Duty Truck Group, Jinbei, Jiangling, Nanjing Automobile Corp and Shaanxi Automobile Co. Their total sales volume of commercial vehicles reached 143,200 units in June, accounting for 66.64 percent of total sales of commercial vehicles.

The top 10 automakers in sales in June are Shanghai Automotive Industry Corporation (SAIC), FAW, Dongfeng, Changan, Beijing Automotive Industry Corp, Guangzhou Automobile Industry Group Co Ltd, Chery, Brilliance China Automotive Holdings Ltd, Geely and Hafei. The total sales of these automakers hit 604,600 units, accounting for 83.18 percent of total sales of automobiles.

Beijing Auto, Chery, Brilliance China and Hafei saw declining sales in June compared with the previous month while Changan and Guangzhou Auto witnessed a significant growth in sales

http://www.chinadaily.com.cn/bizchina/2007-07/19/content_6001048.htm
 

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Strong sales drive up profits by 66 percent

China's top 16 automotive groups chalked up a two-thirds increase in first-half combined profits, boosted by buoyant vehicle sales, an industry association said yesterday.

Their post-tax profits totaled 30.2 billion yuan in the first six months, up 65.8 percent from a year ago, according to data from the China Association of Automobile Manufacturers.

The pace slowed slightly from 69.9 percent in the first quarter.

From January to June, Chery Automobile, the No 7 Chinese automaker by sales and partner of Chrysler, posted the fastest profit growth of 210.6 percent of the 16 companies.

Top seller Shanghai Automotive Industry Corp (SAIC), which has tie-ups with General Motors and Volkswagen, saw its profit jump by 48.4 percent.

But the auto association didn't reveal how much Chery and SAIC earned.

SAIC's listed unit, Shanghai Auto, predicted last month that its first-half net profit would more than quadruple from 541 million yuan in the same period of 2006.

The largest auto stock in China by assets is scheduled to announce its interim results on August 21.

Zhu Yiping, an official from the auto association, said the profit hike was mainly due to brisk sales and improved cost-cutting efforts.

Sales of all vehicles made in China grew by 23.3 percent year-on-year to 4.37 million units in the first half, with passenger cars soaring by 26 percent.

Zhang Xin, an auto analyst with Guotai & Jun'an Securities Co, said strong profit growth should also be attributed to vehicle producers' investments in the booming domestic capital market, where the Shanghai Composite Index has surged by 70 percent so far this year.

"Many automakers are buying stocks and funds, which will continue to help them boost profits significantly in the second half of this year," Zhang told China Daily.

He predicted that the combined profits of the 16 automotive groups would climb by 50 to 60 percent this year from 2006.

The core business turnover of the 16 groups rose by 26.6 percent to 486.4 billion yuan in the first six months of this year, according to data.

Source: China Daily

http://english.people.com.cn/90001/90778/6233600.html

wow , Chery's profit growth is monstrous, I hope Chery invest more in R&D, new designs and boost its quality further with these profits.
 

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Passenger vehicle sales rise 24% in 1st 7 months

Passenger vehicle sales rise 24% in 1st 7 months
(Xinhua)
Updated: 2007-08-09 17:06


China's passenger vehicle sales rose to 3.54 million in the first seven months this year, up 23.7 percent from the same period last year, according to the China Association of Automobile Manufacturers.

Sales of sedans jumped 26.6 percent to 2.64 million, sports-utility vehicles soared 46.4 percent to 187,600, while multi-purpose vehicles went up 17.8 percent to 124,400.

Passenger vehicle sales in July, however, declined by 10.45 percent from the previous month.

http://www.chinadaily.com.cn/bizchina/2007-08/09/content_6019715.htm
Changan Auto, one of China's auto manufacturers, saw the largest sales decline of 49.3 percent in July, followed by SAIC-GM-Wuling Automobile, down 15.8 percent, according to the China's Passenger Car Association.

Yang Dayong, deputy director of the Changan auto marketing department, explained, "July is an off-season for car sales. People just don't want to get out to buy cars in hot weather. Also minivans, largely used for carrying farm tools or agricultural products, are not demand because July is not a harvest season."

He also said a year-on-year comparison was more revealing as it excluded seasonal factors. Changan Auto's sales volume, compared with last July, still increased.

The three largest Sino-foreign carmakers continued to be the top three sellers. FAW Volkswagen was first with sales of 258,563, followed by Shanghai Volkswagen and Shanghai General Motors.

The indigenous carmaker Chery sold 197,923 vehicles, maintaining its fourth place.

The top ten sellers, which also included Guangzhou Honda, FAW Toyota and Geely, held a 64-percent market share.
 

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Impressive figures from the first 7 months of 2007. I looked at Chery's numbers and it states that they held fourth place but they didn't state whether Chery's numbers rose a certain percantage or dropped a certain percentage compared to this same time period a year ago. Only that they held on to fourth place.

I think that once the Chinese people start buying from Chinese automakers that are completely domestically-produced(Chery, SAIC, Geely, etc.)and not made in a partnership with GM or Volkswagen, real progress will be in motion.

I am interested in one Chinese-made car at this time, the Dodge Hornet. But that is because I am not fully aware of all the Chinese automotive products yet. Coming to this website is something I have done to learn a lot more about the Chinese automobiles. I think that it's only a matter of time before they come to America. Even though Bricklin's project with Chery didn't work out very well the new Hornet is a Chery product, and, more projects are in their inception stage right now. Very, very exciting time for China and automaking!
 

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China's car sales rise 24% in first 9 months

Steady growth is good :)

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"China's automobile manufacturers sold 4.58 million passenger vehicles in the first nine months of this year, up 23.84 percent over the same period of last year, according to the China Association of Automobile Manufacturers.

The total included 3.44 million cars, up 25.76 percent, 251,700sports-utility vehicles, up 51.7 percent, and 165,300 multi-purpose vehicles, up 20.75 percent. In September, passenger vehicle sales rose 16.54 percent from the previous month to 561,000 units.

The top 10 sedan brands, with sales totaling 1.12 million units and a 33-percent market share, included Jetta (FAW-Volkswagen), Santana (Shanghai Volkswagen), Buick Excelle (Shanghai General Motors), Camry (Guangzhou Honda), QQ (Anhui Chery), and Xiali (FAW Tianjin).

The three largest Sino-foreign carmakers continued to be the top three sellers. FAW Volkswagen was first with sales of 684,786passenger vehicles, followed by Shanghai Volkswagen and Shanghai General Motors. The indigenous carmaker Chery maintained its fourth place."

- ChinaView.cn -
 

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Carbaby said:
China car population is growing very fast....their spending power is so strong, economy is growing so fast, within the next five year, definitely it will become the next big brother in the world....

The economy is growing fast yes, the spending is increasing yes but the population growth is low.... and we all know why.
 

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Best 13 selling SUV's in China auto market, (Jan-Oct 2007)

The table below shows top 13 best selling SUV models, in Chinese market, October.
Rank Automaker Model Jan-Oct sales Y/Y change Market share
1 Great Wall Hover 46,979 114.9% 15.8%
2 Chery Tiggo 41,996 101.7% 14.1%
3 Beijing Hyundai Tucson 36392 64.8% 12.2%
4 Dongfeng Honda CR-V 35014 61.5% 11.8%
5 ZOYTE ZOYTE 2008 24623 - 8.3%
6 Changfeng Liebao 13795 -1.7% 4.6%
7 Toyota Prado 8413 71.6% 2.8%
8 Go-now Go- now 8068 46.6% 2.7%
9 Dongfeng-Nissan Paladin 7668 36.05% 2.6%
10 Landwind Landwin 7269 -12.4% 2.4%
11 SG Auto Shugang 7563 7.2% 2.5%
12 Changfeng Pajero 5319 22.3% 1.8%
13 JAC Refine 5639 - 1.9%
 

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ash said:
The table below shows top 13 best selling SUV models, in Chinese market, October.
Rank Automaker Model Jan-Oct sales Y/Y change Market share
1 Great Wall Hover 46,979 114.9% 15.8%
2 Chery Tiggo 41,996 101.7% 14.1%
3 Beijing Hyundai Tucson 36392 64.8% 12.2%
4 Dongfeng Honda CR-V 35014 61.5% 11.8%
5 ZOYTE ZOYTE 2008 24623 - 8.3%
6 Changfeng Liebao 13795 -1.7% 4.6%
7 Toyota Prado 8413 71.6% 2.8%
8 Go-now Go- now 8068 46.6% 2.7%
9 Dongfeng-Nissan Paladin 7668 36.05% 2.6%
10 Landwind Landwin 7269 -12.4% 2.4%
11 SG Auto Shugang 7563 7.2% 2.5%
12 Changfeng Pajero 5319 22.3% 1.8%
13 JAC Refine 5639 - 1.9%
How about the price or size? Are they all in same group?
 

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Actually population growth is still quite high. Within the next three decades, China's population will increase by another 260 million. After that it will probably stop. And about China overtaking US economy; it will not happen before 2040.
 

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China's SUV sales up almost 59% in first 10 months of 2007

Source: ChinaView
The number of sport utility vehicles (SUVs) sold in China rose 58.6 percent year-on-year in the first 10 months of 2007, to 302,846 units, according to the China Association of Automobile Manufacturers.

Great Wall Motor, the first privately-owned auto company on the Chinese mainland to be listed in Hong Kong, ranked first with SUV sales of 53,063 units, the association's statistics showed. Other companies producing SUVs include Chery Auto, Hyundai Tucson and Dongfeng Honda.
 

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China's passenger car sales +23% in Jan-Nov

Source: ChinaView
Sales of passenger cars made in China soared 22.83 percent annually to 5.66 million units in the first 11 months of 2007, the China Association of Automobile Manufacturers said on Friday. During the period, sales of sedans reached 4.24 million units, up 24.32 percent from a year earlier, according to the association.

Meanwhile, sales of multi-purpose vehicles hit 203,700 units, up 21.11 percent and sales of sport utility vehicles was 319,300 units, up 55.77 percent. In November, sales of passenger cars hit 583,200 units, including 437,400 sedans. The passenger vehicles sales is 17.36 percent higher from October and 16.72 percent higher from the same period last year.

Top ten sedan sellers include FAW Volkswagen, Shanghai Volkswagen and Shanghai General Motors. Between Jan.-Nov. period, they sold a total 2.76 million sedans, accounting for 65 percent of the total sales.

Top six selling sedan brands are Jetta (FAW-Volkswagen), Santana (Shanghai Volkswagen), Buick Excelle (Shanghai General Motors), Camry (Guangzhou Honda), QQ (Anhui Chery), and Xiali (FAW Tianjin).
 

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Automobile imports expected up 30% in 2007
(Xinhua)
Updated: 2008-01-13 17:32


The number of automobiles imported to China was likely to reach 300,000 in 2007, up 30 percent year-on-year, China Trading Center for Automobile Import (CTCAI) forecast in Beijing Saturday.

Ding Hongxiang, general manager of the CTCAI, attributed the sound growth to stable policies for car imports since the country promised to reduce the tariff to 25 percent by July 1, 2006.

Customs statistics showed that in the first 11 months last year, the number of imported vehicles stood at 277,093 units, up 37.6 percent.

More luxury cars were imported in 2007. Those with an engine size larger than 2.5L accounted for 69.4 percent of the total.

Sports Utility Vehicles (SUVs) were likely to overtake sedans for the first time to become the most popular imported cars, Ding said. From January to November, the number of imported SUVs rose 65 percent to 126,659.

Japan, Germany, the Republic of Korea and the US were the major source countries for China's imported cars. Forty-two percent of sedans were imported from Germany and 48 percent of SUVs were imported from Japan.

In 2006, China overtook Japan to become the world's second largest car market second only to the United States, with sales of 7.2 million units, up 25.13 percent year-on-year. China was also the world's third largest vehicle producer, after Japan and the United States.

http://www.chinadaily.com.cn/bizchina/2008-01/13/content_6390226.htm
 

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China auto production, sales hit record 8.8 mln units in 2007


www.chinaview.cn 2008-01-13 17:08:14 Print

BEIJING, Jan. 13 (Xinhua) -- Auto production and sales in China both surged more than 20 percent to a record 8.8 million units in 2007, despite slackening sales in global markets, an industry group said Sunday.

China's automakers rolled out 8.88 million motor vehicles last year, up 22.02 percent from a year earlier, according to the China Association of Automobile Manufacturers.

Total vehicle sales jumped 21.84 percent year-on-year to 8.79 million units in the world's second largest car market after the United States, twice the figure in 2003.

Both the output and sales beat the prediction of 8.5 million made at the beginning of last year.

Production of passenger vehicles - including sedans, sport utility vehicles and minivans - went up 21.94 percent to 6.38 million, while sales rose 21.68 percent to 6.3 million. Output of trucks and buses reached 2.5 million and sales 2.49 million.

Sales of sedans reached 4.73 million units, accounting for 53.76 percent of the total vehicle sales. About 1.24 million were indigenous models such as Xiali and Chery QQ.

FAW Volkswagen, the German auto giant's venture with FAW Group, sold 458,300 sedans last year. It overtook Shanghai General Motors, the Detroit-based automaker's venture with Shanghai Automotive Industry Corp., to become the top sedan seller for 2007.

Shanghai Volkswagen was the runner-up, posting sales of 445,800 sedans, followed by Shanghai GM with 432,000.

Last week, Volkswagen reported a sales record of more than 900,000 vehicles in China in 2007, up 28 percent, while GM said its sales in the country were up 19 percent to 1.03 million vehicles. A total of 479,427 vehicles were sold through Shanghai GM.

Dong Yang, vice chairman of the automobile association, told Xinhua that both China's auto output and sales would continue to expand at double-digit rates in 2008 to 10 million.

Currently, vehicle ownership in China was 44 for every 1,000 people, he said. This was compared with the world average of 120. The United States has 750 vehicles for every 1,000 people.

Dong said China's car market has huge potential as the economy continues to grow rapidly and the government tries to encourage people to spend money.

China had 57 million motor vehicles by the end of last year. Among them were only 15.2 million privately-owned cars, according to latest government figures.

http://news.xinhuanet.com/english/20...nt_7414628.htm
 

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Chinese auto output hits 9m units in 2007

Chinese auto output hits 9m units in 2007
(Xinhua)
Updated: 2008-01-28 16:27


Chinese auto makers rolled out 9.04 million vehicles in 2007, up 22.9 percent year on year, said the country's top economic planner, the National Development and Reform Commission (NDRC).


The figure included an output of 4.95 million passenger vehicles, an annual jump of 25 percent, Zhu Hongren, the NDRC deputy economic performance department director, told a news conference in Beijing on Monday.


He didn't elaborate on the other vehicles produced.


The country's auto output is expected to exceed 10 million units this year while passenger car output will likely top five million units, Zhu predicted.


He added, since quantity was not a problem anymore, auto producers should increase their focus on quality.


Compared with their international counterparts, China's auto makers are still small in terms of production scale and behind in technology. In addition, the country's auto boom has created growing problems, such as increasing traffic jams and pollution, despite the greater convenience.


To combat pollution in the capital, Beijing imposed the Euro-III car emission standard. Despite this, exhaust fumes emitted by the city's 2.8 million motor vehicles remained one of its primary sources of pollution.

http://www.chinadaily.com.cn/bizchina/2008-01/28/content_6426102.htm
 
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