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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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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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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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China sees sedan exports more than doubled
(Xinhua)
Updated: 2008-02-07 14:24


BEIJING - China's sedan exports more than doubled year-on-year to 188,600 units in 2007, according to figures from the General Administration of Customs.

The country's auto imports and exports reached 66.9 billion US dollars last year, with imports up 24.45 percent and exports up 45.31 percent.

Chery, the flag-bearer of Chinese indigenous brands, saw a 132 percent surge of export in 2007, which came at 119,800 units. The carmaker, which has accelerated its expansion overseas in recent years, expected to export 180,000 this year.

Changan Automotive Group, China's fourth largest automaker, sold more than 40,000 cars overseas last year, against 21,700 in 2006.

The country's auto output grew 22.9 percent to 9.04 million units last year, according to figures with the National Development and Reform Commission (NDRC), the country's top economic planner.

The NDRC deputy economic performance department director Zhu Hongren said, 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.

China imported 314,200 vehicles in 2007, an increase of 41.4 percent, with imports of sedans up 25.13 percent, cross-country vehicles up 64.91 percent and minibuses down 5.29 percent.

http://www.chinadaily.com.cn/china/2008-02/07/content_6445246.htm
 

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CHINA'S TOP 10 SEDAN MAKERS IN JANUARY
Friday, February 22, 2008; Posted: 02:08 AM


FAW Volkswagen (SSX:000800) remains China's number one sedan producer with sales peaking at 65,700 units in January, according to the latest statistics published by the China Association of Auto Manufacturers on Wednesday.

The latest statistics show that in terms of sales in January, China's top 10 sedan makers are FAW-Volkswagen, Shanghai Volkswagen, Shanghai GM, FAW-Toyota, Chery, Dongfeng Nissan, Beijing Hyundai, Chang'an Ford Mazda, Geely and Tianjin FAW with sales of 65,700 units, 45,100 units, 40,600 units, 32,700 units, 30,900 units, 27,700 units, 25,100 units, 23,600 units, 23, 600 units and 22,800 units respectively.

Sales of the top 10 added up to 336,800 units, accounting for 67 per cent of the country's total sales of home-made sedans.

Top 10 bestselling brands are Jetta of FAW-Volkswagen, Santana of Shanghai Volkswagen, Elantra of Beijing Hyundai, Buick Excelle of Shanghai GM, Xiali of Tianjin FAW, Corolla of FAW-Toyota, Camry of GAIC-Toyota, Focus of Chang'an Ford and Sagitar of FAW-Volkswagen. Sales of the top 10 brands aggregated to 161,500 units, making up 32 per cent of the total sedan sales in China.


http://www.tradingmarkets.com/.site/news/Stock News/1124900/
 

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http://www.chinadaily.com.cn/bizchina/2008-03/15/content_6539414.htm


Auto production, sales grow a bit slower in 2007
(Xinhua)
Updated: 2008-03-15 14:44


Auto production and sales remained stable in China last year, yet with growth a bit slower on lukewarm demand for vehicles of low engine displacement, sources with the Ministry of Commerce said on Saturday.

In 2007, China produced 8.88 million motor vehicles and sold 8.79 million, a growth of 22.02 percent and 21.84 percent, respectively, over the previous year.

But the growth rate for production was 5.3 percentage points lower than the year-earlier level, and that for sales, 3.29 percentage points lower.

Last year saw passenger vehicle sales went up 21.86 percent to 6.3 million units nationwide.

The total included 4.73 million cars, representing a year-on-year growth of 23.46 percent and accounting for 53.76 percent of the nation's total auto sales.

Of the car sales, those with an engine displacement of 1-2 liters each made up 3.92 million units, or 82.89 percent.

Meanwhile, 2.49 million commercial vehicles sold nationwide, up 22.25 percent. The growth rate was 8.02 percentage points higher.

In a related development, China exported $40.9 billion worth of motor vehicles and auto parts last year, up 45.31 percent, and imported $26 billion worth, up 24.45 percent.

The country sold 314,000 whole vehicles abroad, up 37.8 percent. The trade surplus in whole vehicles stood at 298,500 units, up 184,100 units.
 

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Beijing's vehicle population up 13% in first quarter


With 1,300 vehicles coming onto the roads each day, Beijing has seen 120,000 cars added in the first three months of the year, the municipal Traffic Management Bureau said on Wednesday.

The new vehicles added in the first quarter is 13.34 percent more than in the same period of last year. About 81 percent of the new cars are privately owned.

With the auto population explosion, license plates starting with "L" will run out this month and the next set issued will start with "M". In Beijing, all plates begin with a letter of the English alphabet, running in order.

By opening day of the Olympics in August, there are expected to be 3.35 million vehicles on the road, of which 2 million will be cars. Some of the vehicles will have to stay off the roads at times during the games, and the owners will get compensation, said an official with the municipal government. The details of the plan are still being worked out.

Private cars will have to stay home every other day under an even-odd license plate numbering system. Taxis, buses and emergency vehicles will be exempt. Half of the many government vehicles in the city will also be off the road at any one time, but it is not known how many vehicles will be affected.

The ban is aimed at ensuring air quality during the sports event. The capital tested a traffic ban from August 17-20, removing 1.3 million or one third of the automobiles from its streets. According to an earlier report, this "dry run" reduced exhaust emissions by 40 percent each day.

Air quality also apparently improved during the four-day trial, with the pollution index standing between 93 and 95, down from 116 on the day prior to the test began. A level of 116 means that visibility would be significantly impaired.

Several cities, including Beijing, Guangzhou and Shanghai, have considered congestion fees in recent years.

The capital of the eastern province of Jiangsu, Nanjing, is considering a peak-period congestion charge for vehicles. There are no plans for such a charge in Beijing in time for the Olympics.

(Xinhua News Agency April 3, 2008)


http://www.china.org.cn/business/2008-04/03/content_14206512.htm
 

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http://www.chinadaily.com.cn/bizchina/2008-04/06/content_6594362.htm


China is world's 3rd largest motor producer in 2007


2008-04-06


China's output of motor vehicles ranked the third in the world after Japan and the United States in 2007, according to statistics from the China Association of Automobile Manufacturers (CAAM).

The top ten producers, which also included Germany, the Republic of Korea, France, Brazil, Spain, Canada and India, rolled out 55.3 million motor vehicles, accounting for 76 percent of the world's total production of 73.1 million.

In 2007, the global output of passenger vehicles --including sedans, sport utility vehicles and minivans -- rose 6.1 percent to 53 million while that of commercial vehicles, including trucks and buses, rose 3.7 percent to 20 million.

China's automakers produced 8.88 million motor vehicles last year, up 22.02 percent from a year earlier, with 6.38 million of passenger vehicles and 2.5 million commerical vehicles, according to CAAM figures.

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 US, twice the figure in 2003.

Dong Yang, CAAM vice chairman, said China's auto industry had made impressive progress in developing independently owned brands. He added indigenous models accounted for more than 95 percent of commercial vehicles and 40 percent of passenger vehicles on the domestic market.

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

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China's top ten passenger car makers in March


April 10, 2008


By Ally


Shanghai, April 10 (Gasgoo.com) – Chinese car makers sold a total of 511.237 passenger cars, including sedans, multi-purpose vehicles, sport utility vehicles and crossovers in March, up 18.5 percent from a year earlier, according to the China Passenger Car Association.

FAW VW, with a single-month sales volume of 54,279 vehicles in March, holds the first place in China's sedan market. FAW VW is closely followed by Shanghai-VW, which sold 51,388 vehicles in the month and Chery finishing up third with 46,181 units sold.

Top ten car makers posted aggregated sales of 345,800 units, representing 47 percent of the total sales volume.

The table below shows the rank and sales of top ten automakers in China for March.


http://www.gasgoo.com/auto-news/6109/China-s-top-ten-passenger-car-makers-in-March-released.html


 

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China's top five SUV and MPV makers in March released


Rank
SUV brands
Automaker
March sales

1.
Honda CRV
Dongfeng Honda
6,803

2.
Hover
Great Wall
5,445

3.
Hyundai Tucson
Beijing Hyundai
5,185

4.
Chery Tiggo
Chery Auto
3,857

5.
Qashqai
Dongfeng Nissan
3,023








Rank
MPV brands
Automaker
March sales

1.
Honda Odyssey
Guangzhou Honda
4,445

2.
Refine
Jianghuai (JAC)
4,404

3.
Buick GL8
Shanghai GM
3,110

4.
Jingyi
Dongfeng Motor
2,404

5.
VW Touran
Shanghai VW
1,745



http://www.gasgoo.com/auto-news/6148/China-s-top-five-SUV-and-MPV-makers-in-March-released.html

Great Wall has finally lost its top place in the SUV sector.
 

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Chinese brand sedans account for 26 pct of China sedan market

April 15, 2008

Shanghai, April 15 (Gasgoo.com) China sold a total of 132,200 own brand sedans in March, representing 26 percent of the sedan market, according to a report prepared by China Association of Automobile Manufacturers (CAAC).

Top five Chinese sedan brands, including Chery QQ, FAW Xiali, Haima Family, Chery Qiyun and BYD F3, saw 60,700 vehicles being sold in March, accounting for 45 percent of the total own brand sedan sales.

http://www.gasgoo.com/auto-news/615...account-for-26-pct-of-China-sedan-market.html
 

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Japanese brand keeps largest market share for Q1

Gasgoo.com April 18, 2008


Shanghai, April 18 (Gasgoo.com) In the first quarter Japanese OEMs were the biggest winner in Chinese vehicle market, with market shares of 29.37%, sources from Chinese Association of Automotive Manufactures.

Japanese OEMs were followed by local OEMs, with market share as much as 25.79%. German OEMs came up third with share of 21.3 %.

The American (13%), Korea (6.5%), French (3.94%) and Italian (0.07%) OEMs were listed from the fourth to the seventh spot.


http://www.gasgoo.com/auto-news/6186/Japanese-brand-keeps-largest-market-share-for-Q1.html
 

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Top 10 sedan makers in China market by sales in Q1


Gasgoo.com April 18, 2008

Shanghai, April 18 (Gasgoo.com) Industry statistics show that the sales of sedans hit 1,374,200 units in the China’s mainland market in the first three months of 2008, up 22.5% year on year (y/y). In the first quarter, a total of 1,851,100 passenger vehicles (including sedans, multi-purpose vehicles, sport utility vehicles and crossovers) were sold in the country, up 20.41% y/y.

In March, 515,800 sedans were sold in mainland China, up 44.41% over the previous month and up 25.97% y/y. The first three best-sellers are Santana (of Shanghai VW), Accord (of Guangzhou Honda), and Jetta (of FAW VW), each of which has sold more than 20,000 units in March.

The top 10 sedan makers in mainland China by sales in the first quarter of this year sold 905,500 sedans, representing 66% of the sedan sales across the country in the three months. The top 10 sedan makers are ranked as follows (in descending order):

Rank Sedan maker Q1 sales unit
1. FAW VW 144,800
2. Shanghai VW 137,400
3. Shanghai GM 116,200
4. Chery 95,800
5. FAW Toyota 90,400
6. Dongfeng Nissan 70,100
7. Geely 66,000
8. Guangzhou Honda 64,600
9. Changan Ford 60,400
10. Beijing Hyundai 59,800


http://www.gasgoo.com/auto-news/6189/Top-10-sedan-makers-in-China-market-by-sales-in-Q1.html
 

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China imports more motor vehicles in 1st two months
(Xinhua)
Updated: 2008-05-02 14:54


China's motor vehicle imports soared sharply on strong demand at home in the first two months of this year, sources with the General Administration of Customs said on Friday.

From January to February, China imported 62,000 motor vehicles for $2.26 billion, up 82.6 percent and 93.4 percent, respectively, on the same period of last year. The growth rates were 63.9 percentage points and 80.8 percentage points higher, respectively.

In February alone, the imports were 33,000 vehicles, up 130 percent, the highest growth rate since January 2007.

Foreign-funded companies accounted for 67.4 percent, or 42,000 vehicles, of the country's total imports in the first two months, up 70 percent. Among them, wholly-owned foreign firms imported 35,000 vehicles, up 96.5 percent. Their share in arrivals nationwide went up to 56.8 percent from 52.8 percent a year earlier.

Off-road vehicles made up for 50 percent, or 31,000 units, of the total imports, up 140 percent, while cars accounted for 39.6 percent, or 25,000 units, up 45.6 percent.

Japan surpassed the European Union to become the biggest supplier of motor vehicles to China, with a sales volume of 24,000 vehicles, up 130 percent. The EU exported 21,000 vehicles to China, up 59.3 percent.


http://www.chinadaily.com.cn/bizchina/2008-05/02/content_6657317.htm
 
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