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China's car exports triple
Li Xinran
2006-08-02

CHINA'S export of sedans in the first half of this year more than tripled compared to a year ago to 34,506 units, which is also more than the total volume of last year, Xinhua news agency reported today.

Among all the vehicles exported to overseas markets, sedans accounted for 27.5 percent of the total with its sales reaching US$243 million, a 250 percent jump from a year ago, the report said. The unit sales growth was 259.5 percent.

Most of the sedans for export are installed with engines between 1 to 1.5 liters, accounting for 71.3 percent of the total export volume of sedans and 75.5 percent of total sales.

The country also exported 125,500 completed cars, chassis not included, from January to June, which is 86.8 percent more than a year ago.

China exported cars to 117 countries around the world from January to June. The number of cars exported to Europe and South America surged rapidly during the period. The European market has become China's second largest market, following Asia, with its share accounting for 21.5 percent of total car exports.

Exports to South America also increased 117 percent in the first half, the report said.

Anhui Province-based Chery, China's eighth-largest carmaker, ranked first in exporting self-branded cars, followed by Geely and FAW Xiali Co Ltd.

Chery exported 13,548 units from January to June, accounting for 67.7 percent of total self-branded car exports. The company exported almost all its models including the QQ compact car, Tiggo sport utility vehicle and Eastar sedan.

"Domestic carmakers gave up their profits to increase their export volume as prices continue to drop," said Jia Xinguang, chief auto analyst from China National Automotive Industry Consulting and Development Corp.

Export prices slumped to US$7,039 for the first four months. The price has dropped for three consecutive years since 2003.

Shang Yugui, a spokesman of Great Wall Motors Corp, China's largest SUV exporter, said car exporters used to lower the price to compete against each other because their models are almost the same in quality and functions.

http://www.shanghaidaily.com/art/2006/08/02/287963/China__039_s_car_exports_triple.htm
 
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