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China engine import and export grow in H1

August 07, 2008

Shanghai, August 7 (Gasgoo.com) China's engine imports rose 16.58% year on year in the first half of 2008 to be valued at $813 million dollars, while import volume declined by 9.38% year on year, standing at 278,000 units.

A total of 249,100 gasoline engines were imported in China in H1 2008, 8.41% lower year-on-year. Gas-engine import in the period was $634 million, up 16.23% year on year. The import volume of engines in the 1,000 ml to 3,000 ml range dipped 1.58% to 229,400 units, accounting for 92.09% of the total imports of gas engines.

The H1 import volume of diesel engines fell 16.83% to 28,911 units, with import value up 18.01% to $179 million. The import volume of diesel engines below 132.39kW was 20,974 units, constituting 72.55% of the total.

China import engines from some major countries including Japan, Hungary, German, South Korea, Australia and the like. Japan is the largest engine sourcing country with 136,600 finished engines exported to China in H1, 54.84% of the overall import volume.

The average price of imported gas engines was $2,544 per unit, while that of diesel engines was $6,196 per unit. The diesel engine with power higher than 132.39kW was sold at $163,800.

H1 engine export value was up 14.46% y-o-y to $372 mln, with export volume totaled 234,000 units, growing slightly by 2.32% year-on-year.

China exported some 223,100 gasoline engines in H1 2008, up only 6.39% year-on-year. Exports of gas engines totaled $326 mln, up 4.82% year-on-year. Volume of engines with the 1,000 ml to 3,000 ml range displacement rose 4.06% to 146,700 units, 65.76% of the total gas engine exports.

Diesel engines export in the first six months surged 231.01% to $46 million, with export volume declining 42.87% to 10,893 units. A total of 4,313 diesel engines of or beyond 132.39kW were exported, representing 251.51% of the total engine exports.

Countries like Japan, Canada, South Korea, Myanmar, Russia and the U.S. are main export destinations of Chinese engines in H1, with 95,100 Chinese engines exported to Japan, counting for 42.63% of all the export volume.

The average price of exported gas engines was $1,459 per unit, while that of diesel engines was $4,254 per unit.

China H1engine import and export statistics

http://www.gasgoo.com/auto-news/7349/China-engine-import-and-export-grow-in-H1.html
 

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Report: July PV sales down 18% in China

August 07, 2008

Shanghai, August 7 (Gasgoo.com) China's passenger vehicle sales plunged 18 percent in July compared with June in terms of vehicles sold by top 15 automakers, latest data from China Passenger Car Association shows.

Shanghai GM and FAW Volkswagen were China's two automakers of largest sales in July. They were followed by Guangzhou Honda with sales surging 57.19 percent month on month to 30,148 units, thanks to the launch of new generation Accord and Fit.

Except for Guangzhou Honda, all the other 14 automakers saw monthly sales decline in July from the previous month. Beijing Hyundai's sales fell more than 50 percent, while Chery Auto and Dongfeng-PSA also sold 20% less vehicles than June.

On the model side, Dongfeng Nissan achieved the most remarkable results with sales of its new-generation Teana reaching 8,905 units in July, up 177 percent month on month and 200 percent year on year.

The New Accord was the top selling car in the mid- to high-end vehicle segment in July, with 17,191 units sold. Camry held the second place with 9,439 units sold.

http://www.gasgoo.com/auto-news/7352/Report-July-PV-sales-down-18-in-China.html

Could this be due to the Olympics and the cars restrictions ?
 

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China auto parts imports & exports grow in H1

August 06, 2008

Shanghai, August 6 (Gasgoo.com) In the first half of 2008, China imported automobile components valued at $8.115 billion, going up by a moderate 19.86%. Major import source countries are Japan, Germany, Korea, the U.S. and France, with imports from Japan taking the lead at $3.192 billion, covering 39.33% of the total imports, reported China Automotive Information Net.

Driving system components, auto body parts and accessories, engine parts and some unnamed components posted relatively large imports among total imported auto parts.

Driving system parts imports totaled $2.302 billion in the first half, up 21.5% year on year(y/y). Sedan-use MT transmission imports took the lead by an increase of 3.23% y/y to 1.0224 million units, valued at $1.571 billion, up 32.27%.

Body parts and accessories imports reached $1.882 billion in this period, up 21.5% y/y. The unnamed components posted the largest imports valued at $1.047 billion, soaring by 32.58% y/y.

Engine parts imports reached $1.314 billion during this period, surging 27.95% y/y with highest imports of petrol engine-use components at $860 million, up 8.01% y/y.

Auto components exports in China kept rising fast in the first half of 2008. The total exports hit $15.374 billion, up 21.48% y/y, with America, Japan, Korea, Germany and the Netherlands as the target countries. Exports for America amounted to $4.107 billion, making up 26.71% of the total auto components exports.

Among auto components exports, the relatively large exports are travel system components, auto electronic components, body parts and accessories and some unnamed auto parts.

For this period, exports of travel system components are valued at $4.056 billion, down 6.4% y/y. But the new rubber tyres used on transport or delivery vehicles present the largest exports, with total sales at $1.852 billion, up 19.08%. Exports are mainly to America, India, United Arab Emirates, Australia and Brazil.

Automobile electronic components exports also increased by 35.45 % to reach $3.076, and the largest exports are of wiring harnesses which hit $997 million, up 16.13%. Target countries and regions are Korea, America, Canada, China’s Taiwan and some others.
Body parts and accessories exports reached $2.072 billion during this period, a 52.27% increase y/y.

The unnamed components posted the largest exports valued at $733 million, soaring by 39.92% y/y, mainly to America, Japan, Korea, Germany, China’s Hongkong and some other countries and regions.

http://www.gasgoo.com/auto-news/7337/China-auto-parts-imports-exports-grow-in-H1.html
 

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Many automobile manufacturersare cashing on the upcoming Olympics with various ‘Olympic Edition’ cars. China Car Times listed several of them.


Skoda Octavia: 2.0l, limited to 2008 models.
The Skoda Octavia Olympic Edition is limited to a mere 2008 models and is sure to sell out fast. Its a well packed car, at a low price of 129,000rmb for which you get the VW quality we all know and love, at a bargain price. In addition to the 2.0l model, Skoda are also planning to offer a 1.6l model but both are limited to manual transmissions. Shanghai VW are also offering a 4000 gift bag with every Olympic Edition Octavia.


MG7 Olympic Edition
The MG7 Olympic Edition is so limited, that the metropolis of Beijing will only get ten cars for sale, and at 160,960rmb for the 1.8 non turbo model, its quite a bargain - if you can buy one.


FAW VW Sagitar
It well be the VW Jetta in other markets, but for China, the Sagitar is what works best and now they’ve made an Olympic version to improve sales. They’re not cheap though, at 170,888rmb to 190,080rmb for the 1.8TSI model


Volvo S40 Commemoration edition
The Volvo S40 usually retails for around 280,000rmb, but the Commemoration Edition model will retail for around 250,000rmb, the S40 packs a 2.4l engine into its small Ford Focus sized body which makes for quite a sporty car.


Suzuki SX4
As mentioned on CCT previously, the SX4 has been given a slight make over for the 08 Olympics, which will no doubt increase sales through 08. Priced at 111,118rmb to 120,180rmb, depending on transmission required. If you want one, you better move quick, as this SX4 is a limited edition model and will sell out quick. Oddly, this edition of the SX4 only comes in black.


Roewe 750 Olympic Edition
SAIC, not wanting to miss out on the Olympic fever, have launched their own Olympic Roewe 750. This Roewe 750 is a 2.5l V6 model but missing front fog lights, heated seats, but has added a rear windscreen wiper, an alarm system. From what we’ve heard, the Olympic Edition will sell for 200,888rmb.


Suzuki Swift 1.5l Olympic Edition
The Suzuki Swift is a popular car in the PRC, probably due to a mixture of cool design and low price that makes the aging Swift move off the dealership forecourt 4 years after it was launched. The Olympic Edition has seen the addition of a 6 CD playing stereo, 6 airbags, reversing sensors, automatic air conditioning, and keyless locks, not forgetting the 1.5l engine. The price is a mere 80,180 to 90,980rmb.


Toyota Royal Crown 2.5l and 3.0l
The Oylmpic Crown has been given an additional DVD+Sat navigation system to boost sales. The price sits at 320,000rmb for the 2.5l model which includes leather seats.


Mitsubishi Galant
The Galant is not an extremely well selling car in China, but the addition of GPS Sat Nav and DVD may help the Galant shift a few more from SouEast motors garages, the Olympic Galant will cost 230,980rmb.
 

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7 carmakers finish half annual sales target in H1

August 07, 2008

Shanghai, August 7 (Gasgoo.com) In the first half of this year, only seven Chinese carmakers achieved half of their annual sales targets for 2008. They are FAW Mazda, Shanghai VW, FAW VW, Dongfeng Honda, FAW Xiali, Geely Auto, and Chery Auto, reported Shanghai Securities News today.

The data from the China Passenger Car Association show that the majority of the country's automakers did not finish half of this year's sales goals in the first six months. There were only seven carmakers in China that achieved half of their sales targets for 2008 in that period. FAW Mazda finished 57.7%, Shanghai VW 54.6%, FAW VW 50.3%, Dongfeng Honda 52.7%, FAW Xiali 50%, Geely Auto 67.3%, and Chery Auto 69%.

Earlier report said that the first half output and sales of China's auto industry both grew by 15% year on year, but the sales growth slowed down considerably compared with the 22% rise of the same period of last year.

http://www.gasgoo.com/auto-news/7355/7-carmakers-finish-half-annual-sales-target-in-H1.html
 

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10 best-selling China-made sedans in the first seven months of 2008, according to the latest data from China Association of Automobile Manufacturers (CAAM).

Santana (Shanghai VW)
Jetta (FAW VW)
Buick Excelle (Shanghai GM)
Toyota Corolla (FAW Toyota)
Honda Accord (Guangzhou Honda)
Toyota Camry (Guangzhou Toyota)
Chery QQ
Hyundai Elantra (Beijing Hyundai)
Xiali (Tianjin FAW)
Focus (Changan Ford)
 

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Fuda Group sales generate 703 mln yuan in H1

August 08, 2008

Shanghai, August 8 (Gasgoo.com) Guilin Fuda Group Co, a Chinese auto parts maker specializing in manufacturing engine crankshafts, clutches, transmissions and low speed trucks, posted sales revenue of 703 million yuan ($103 million), a record year-on-year increase of 37%, in the first half of 2008 despite difficult economic conditions this year, Guilin Daily reported.

Fuda, a private-owned OEM enterprise, supplies for Shanghai GM Wuling, Dongfeng Automobile,Yuchai, and some other famous automakers or engine manufacturers. Earlier this year, Fuda Group decided to expand new markets with all subsidiaries through quality control and technological innovation. The Fuda subsidiaries have seen growth of both output and sales since January this year

To achieve greater success, Fuda Group expanding its Guilin-based auto-parts manufacturing base, which covers 674,433 square meters and will have an additional investment of 1.59 billion yuan. Now the first phase of the industrial park is nearing completion after over one year's construction.

Beihai Fuda Group's auto production base, another project by Fuda Group, was officially put into operation on July 13, targeting at Fuda's global development strategy.

http://www.gasgoo.com/auto-news/7367/Fuda-Group-sales-generate-703-mln-yuan-in-H1.html
 

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China H1 sedan exports double to 133,100 units

August 11, 2008

Shanghai, August 11 (Gasgoo.com) China's sedan exports rose 98.62 percent to 133,100 units in the first half of this year, latest data from China Association of Automobile Manufacturers (CAAM) showed.

Almost doubling the firgures of one year earlier, first-half exports of finished vehicles rose 62 percent to 358,000 vehicles, including 200,600 passenger cars and 157,400 commercial vehicles, up 83.37 pct and 41.04 pct respectively.

The overall export growth has slowed down due to natural disasters and tight monetary policies from government, CAAM said.

http://www.gasgoo.com/auto-news/7382/China-H1-sedan-exports-double-to-133-100-units.html
 

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China's top 10 passenger-car makers in July

August 11, 2008

Shanghai, August 11 (Gasgoo.com) China's Shanghai GM claimed the highest sales figures on the list of top 10 best sellers for July with 36,966 vehicles sold both in domestic and overseas markets, FAW VW and Guangzhou Honda trailing in second and third places with sales of 34,122 units and 30,148 units respectively, according to data released by China Passenger Car Association (CPCA).

Except for Guangzhou Honda, all the other 14 automakers saw monthly sales decline in July from the previous month. Beijing Hyundai's sales fell more than 50 percent, while Chery Auto and Dongfeng-PSA also sold 20% less vehicles than June.

Tighter government monetary policies as well as record high oil prices continue to help drag down the passenger car market, said Rao Da, secretary general of CPCA. China raised prices of gasoline and diesel by 18% at the end of June.


http://www.gasgoo.com/auto-news/7380/China-s-top-10-passenger-car-makers-in-July.html
(follow that link to see the chart from July 2008 sales)

wow for the first time Guangzhou Honda is ahead of Shanghai VW. Chery is behind Nissan this month, quite weird.
 

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Major carmakers see H1 profit growth down 35%

August 12, 2008

Shanghai, August 12 (Gasgoo.com) China’s major automakers suffered a slowdown both in sales revenue and profit growth in the first half of 2008, with profit growth dropping by 35.38%, reported National Business Daily today.

Growth slowed for the reason that rising materials and energy prices led to increasing cost and shrinking profit margin of automakers, said China Association of Automobile Manufacturers (CAAM)in a report yesterday. The vehicles production and sales recorded a monthly drop in July, more significantly in commercial vehicles sector. During the January-July period, China-made vehicles saw growth slow down both in output and sales, posting only 16% increase to 5,932,100 units and 16.66% increase to 5,849,000 units respectively.

Data released by CAAM showed that in the first half, auto industry posted remarkable growth in sales revenue, up 24.95% year on year(y/y) to 638.255 billion yuan, but the growth rate slowed down by 1.63% y/y.

The top 17 out of 19 automakers gained increase in sales revenue for the first half compared to the same period of last year, with 13 growing over 10% and BYD, Sinotruk, Shanxi Auto, Yutong Group and FAW up to 45%. However, Brilliance Auto and Southeast Motor both recorded sales revenue slump by 13.19% and 19.35% respectively.

During the first half, major automakers’ profits totaled 43.447 billion yuan($6.324 billion), up 30.41% y/y, an increase of 10.130 billion yuan but the growth rate slumped by 35.38%, CAAM said.

Most automakers saw a faster increase in total profit over the same period of last year, with Yutong, FAW and BYD rising by 182.61%, 161.16% and 138.87% respectively. But SAIC, Guangzhou Auto, Jianghuai and Hafei recorded profit declines over last year, while Changhe Auto and Southeast were still loss-making carmakers, according to CAAM.

Industry analysts said China’s auto market is still likely to see an increase despite the possible serious situation in the second half.

http://www.gasgoo.com/auto-news/7398/Major-carmakers-see-H1-profit-growth-down-35.html
 

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Car makers steer path through challenging 2H

2008-08-14

Second-half auto sales are likely to grow -- but more slowly than in the past, because of challenging domestic and foreign conditions, China Association of Automobile Manufacturers (CAAM) deputy director Dong Yang told Xinhua on Thursday.

Figures from the CAAM show sales of domestically made cars in July plunged 17 percent month-on-month, although they rose 6.79 percent year-on-year.

Still, some analysts expect China's auto sales could rise by double digits this year, in contrast to sluggish markets in the United States and Japan, the world's biggest and third-largest car markets, respectively.

Challenges weigh on industry

There are challenges for both car makers and their customers.

One is high world crude prices, which led China to raise benchmark gasoline and diesel oil retail prices by 1,000 yuan ($147) per ton on June 20.

Citigroup economist Ken Peng said that with the consumer price index falling to a 10-month low of 6.3 percent in July, there might be another increase in fuel prices after the Olympics, as the government control of fuel prices was meant to curb inflation.

Another issue is costs. Dong noted that production costs were rising as the prices of inputs like electricity, steel, rubber, glass and plastics had been rising since the second half of last year, which added to the burdens of manufacturers.

Then there's vehicle taxes. As part of its energy savings campaign, the government announced on Wednesday that the tax rate on cars with engine capacities of 3 to 4 liters will rise to 25 percent from 15 percent, starting from September 1.

And then there's China's tight monetary policy. Curbing commercial loans and raising interest rates to avoid economic overheating is creating challenging conditions for industry as the second half proceeds.

China still a bright spot

According to media reports, first-half sales of new autos in the United States fell 17 percent year-on-year, while Japan saw a decline of 2 percent in domestically produced car sales.

By contrast, China's first-half auto sales increased 18.52 percent year-on-year.

Considering last year's sales of 8.8 million units, the double-digit growth achieved on that base didn't come easy.

Analysts with China Economic Information Network believed as people were getting richer, personal consumption would be the driving force for auto sales. They said China's auto market was entering a sustained period of growth that would last for 15 to 20 years.

Foreign auto makers see gains in China

CAAM figures show cars produced by Sino-foreign equity joint ventures took up a 75-percent share of the market in the first seven months, up slightly over last year.

General Motors (GM), the largest US auto maker, said it sold 590,126 vehicles in China in the first half, up 12.7 percent year-on-year. Ford reported sales rising 21 percent to 172,411 units.

Foreign auto makers are competing aggressively in China, where sales are expanding at double-digit rates and major US, European and Asian producers have set up factories.

Kevin E. Wale, GM China president, said the company's multi-brand strategy was paying off, as its Chevrolet, Buick, Cadillac and Wuling all received positive feedback from Chinese consumers.

Having the broadest market, GM expected to sell 1 million units over the full year in China.

Core Pacific-Yamaichi Securities has forecast 2008 auto sales growth of 15 percent year-on-year.

Dong added that China was still growing fast. He said the nation has up to 100 million households that can afford a car, but only 20 million have bought one so far.

http://www.chinadaily.com.cn/bizchina/2008-08/14/content_6936715.htm
 

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July 2008 Small Car Sales.

The small car segment is where the action appears to be at in China, with the price of gasoline recently adjusted to reflect global price fluctuations, the small car market has heated up. Another reason for the rise of small car sales, could be due to the number of Beijing car owners buying a second car with an odd or even number license plate to get around the recent driving restrictions imposed on Beijing for the Olympic games.

The Chevrolet Aveo comes out on top, but sales are down on June, but the Honda City sees its sales practically double in one month. The Chery QQ is down 50%, the VW Polo is down slightly. The new Toyota Yaris was recently introduced into China, and seems to be doing reasonbly well, the previous gernation Yaris did not fair so well in terms of sales.

Oddly, the Citroen C2 does not appear to be performing as well as its brother, the 206. This market segment appears to be evenly spread among domestic, and foreign marques, which is not like any other automotive segment.



July 2008 SUV Sales.

SUV sales seem to be slightly down in July 08, the SUV market saw a new entry into the segment from Nissan with their Qashqai, sales of which appear to be strong. The SUV market is the only segment, besides the small car segment, that has Chinese players amongst the top 10. Chery have always managed to claim a top spot with their Chery Tiggo model, despite it being on the market for several years. JAC’s Eagle SUV is a recently launched SUV, based on the body of a previous generation Hyundai Sante Fe, but power derived from the Mitsubishi stable. The Toyota Prado Landcruiser supply line and subsequent sales were most probably affected by the recent earthquake in Sichuan, the Prado is made by FAW-Sichuan, in Sichuan province. The Kia Sportage continues to sell well since swapping to Chinese domestic production rather than being a Korean import, the Sportage is quite a cheap car in China with it starting at 130,00rmb for the base 2wd 2.0l manual model.


July 2008 MPV Sales.

In July 2008, the Buick GL8 rules the roost again, 8 years after it was launched in China. The GL8 was refined in 2005, and continues to sell very well, carving its own niche in the premium business MPV market. Poor sales from the Dongfeng-Citroen Picasso are quite shocking, the same for the Kia Carnival.

MPV’s with more than 5 seats are not overly popular for family use, as Chinese families are usually a nuclear family. Most 7 seater and up MPV’s are used for business use. Recently VW and Ford introduced 5 seater versions of their MPV’s, to encourage uptake, as cars with more than 5 seats have to pay double road tax.
 

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July 2008 Large Car Sales.

Large car sales are still smalle in China, and appear to be dominated by the Americans, Euros, and Japanese marques. Audi claim the top spot with their popular A6 lengthed model, which is a China only model. Recently FAW-Audi produced the 100,000th Audi A6 in China, and they gave it the composer of the Olympic song, Chen Qi Gang.

Overall, it looks like large car sales are down in July 2008 on June 2008, could it be that even the rich are feeling a squeeze in the current economic climate?



July 2008 Mid-Size Car Sales.

The 8th Gen Honda Accord pulled out from behind the Toyota Camry in the past few months to claim top spot in the mid sized car market place, outselling it by almost double. The new Nissan Teana also gained a high place despite only being on the market for a matter of weeks. The Passat continues to sell well, with Volkswagen pretty much having a car in each top sales list, (note - the VW Magotan is mistakenly written as VW Sagitar in the above table).

No domestic maker has any product in the top 10, with this segment of the market being controlled by the foreign marques, although all of the above cars are domestically made via joint venture partnerships with local manufacturers.

It seems that even Roewe and MG did not get enough sales to knock the Audi A4 off even the tenth spot, we hope that can be rectified over the coming months with sales of Roewe 550 and the upcoming MG version.



July 2008 Compact Car Sales.

In July 2008, the mark 2 VW Jetta managed to top the sales chart again, its more of a monthly occurance rather than an actual random occurance. We’re not sure why it manages to top the charts time and time again, although we’re sure its not due to its modern design! The Jetta probably remains popular due to its bombproof mechanicals, cheap cost of running, economy. Its a car that Chinese consumers are well used to, its been in China for over 20 years in its current unshakeable guise, so its no wonder that they are not in any hurry to get rid of them.

Suprises in Julys sales would be the Skoda Octavia - this brand has only been introduced into China for several months, yet its already firing its way up the sales league. The two Elantras are the combined sales of the Elantra, and the facelifted China only Elantra. Further down the list, we have the VW Sagitar, which is the fifth generation of Jetta, but is still outsold by its older brother. The only two domestic players to get their mark into the top sellers list are Chery (with the A5) and BYD (with their F3), both of which are roughly half the cost of their foreign rivals. The Kia Certao high sales position maybe due to their recent launch of the Cerato hatchback (badge engineered Hyundai Elantra).
 

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Passenger car sales likely to grow 3% in H2


August 18, 2008

Shanghai, August 18 (Gasgoo.com) China's passenger-vehicle sales dropped by 12% in July from June, a decline that lasted for four straight months due to the oil price hike and natural disasters, said data from China Passenger Car Association (CPCA), who predicted that the sales of passenger vehicles in China will grow by only 3% in the second half of this year.

Domestic passenger vehicle sales rose a slightly 3.2% year on year (y/y) to 462,000 units in July, but down 11.5% from 522,000 units of June. Rao Da, secretary general of CPCA, said that the second-half sales of passenger vehicles will grow only by 3% y/y or so and the industry association’s earlier estimated sales target of one million units in 2008 is impossible to reach. The car sales growth is expected to continue its slowdown trend.

Due to the fuel price rise, many consumer have delayed or canceled their decison to buy cars. And meanwhile the growth of China's economy has also started to slow down, which will make people spend less money on car buying in the coming months. Industry experts said China's passenger vehicle sales in the whole year of 2008 will not grow more than 10%, less than half of the 20% growth goal.

http://www.gasgoo.com/auto-news/7458/Passenger-car-sales-likely-to-grow-3-in-H2.html
 

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Martin, can you please tell us the source of your statistics and quotes above. Gasgoo had been showing a Dongfeng Liuzhou MPV in its CAAM-sourced stats but it's not listed here.
Thank you.
 

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Yes, data was published at CCT.
I also noticed some cars are missing, such as GW Hover on SUV list, or Santana (3000).
I guess this is not the list of best selling vehicles in each segment. Rather author only published sales results of, in his oppinion, interesting vehicles.
Those of you who are also members of CCT can ask author about this.
 

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China's Jan-Jul commercial vehicle sales up 19%

August 21, 2008

Shanghai. August 21 (Gasgoo.com) Commercial vehicle sales in China rose 18.76 percent year-on-year to 1.75 million units in the January to July period, data from China Association of Automobile Manufacturers (CAAM) showed.

The growth in the commercial vehicle sector maintained stable this year except for July, when only 177,600 units were sold, down 28.50 percent month-on-month and 3.35 percent year-on-year.

CAAM said the decline occurred because many automakers have been conducting checks on factory equipment in July and August and giving employees a summer break.

The top 10 sellers of commercial vehicles from January to July were Beiqi Foton, Dongfeng Motor, FAW, JAC, Brilliance Jinbei, Sinotruck, Changan, Jiangling Motors, Shaanxi Auto and Nanjing Auto.

The 10 automakers sold a total of 1.23 million commercial vehicle from January to July, representing 70 percent of China's total commercial vehicle sales in the period.

http://www.gasgoo.com/auto-news/1007490/China-s-Jan-Jul-commercial-vehicle-sales-up-19.html
 
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