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Industry News

Both Car Production and Sales Volume Exceeded 0.8 Million in February,Ending up Slump for Seven Consecutive Months

Source: Author£ºadmin Hits£º9279 Time£º2009/7/6 10:14:01
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With a good start in car market in January this year, car production and sales nationwide hit a record high in February. According to the statistics from China Association of Automobile Manufacturers, car production and sales volume nationwide surpassed 0.8 million in the current month, bringing an end to downturn with car production and sales volume continuing to be less than 0.8 million since July 2008.

Sluggishness lasting for seven consecutive months ends.

As indicated by the statistics from China Association of Automobile Manufacturers, car market continued to be on the upside since good start in January. In February, both car production and sales volume nationwide exceeded 0.8 million, finishing slump since July 2008. Car production and sales volume increased compared with the corresponding period in the previous year and warehousing pressure has been released. 807.9 thousand cars were manufactured, with sequential growth rate of 22.96%, up 23.08% compared with the corresponding period in the previous year; 827.6 thousand cars were sold, with sequential growth rate of 12.43%, up 24.72% compared with the corresponding period in the previous year. The output of passenger cars having the most intimate relation with ordinary consumers reached 591.3 thousand, with sequential growth rate of 12.66%, up 25.40% compared with the corresponding period in the previous year; their sales volume was 607.3 thousand, sequential decrease rate of 0.54%, up 24.23% compared with the corresponding period in the previous year.

With respect to increasing sales volume in February when compared on sequential basis and compared with the corresponding period in the previous year, according to the analysis of Bai Li Peng, Manager of Market Department of FAW-Volkswagen Baijia Sales Outlet, better performance in car market in February is largely attributable to favorable policies, the preferential policy of purchase tax implemented on 20 January covered only 12 days in January while the whole month of February, thus the policy effect in February was more obvious. Another reason for large increase in February is lower sales volume as a result of the impact from freezing disaster February last year. However, Bai Li Peng believed that stronger production and sales data in February has yet suggested overall recovery of car market.

Relatively fast growth of models with 1.6L or less
 
In February, top brands in terms of sales volume are Carolla, Excelle, F3, Yuedong, QQ, Jetta, Xiali, Santana, Elantra, and Freedom Cruiser. Except 9694 Freedom Cruisers on the tenth place were sold, the sales volume of other models exceed ten thousand. Furthermore, it's worth noting that four independent brands (F3, QQ, Xiali and Freedom Cruiser) are listed among top ten compared with two in February, among which Xiali and Freedom Cruiser are new entries in the top-ten list.
 
Data showed that market share of passenger cars with 1.6L or less appreciably increased to 70.56% in February from 62.85% in January. Sales volume of passenger cars was 1217.9 thousand in January and February, up 5.81% compared with the corresponding period in the previous year. Passenger cars with 1.6L or less enjoying 70% market share play a key role in the recovery of the entire passenger car market. 591.2 thousand passenger cars with 1.6L or less were sold, up 13.81% compared with the corresponding period in the previous year.

Volkswagen brands are still the champion and runner-up in terms sales volume.
 
In February, top ten automakers in terms of sales volume were Shanghai Volkswagen, FAW-Volkswagen, GM, Beijing Hyundai, Chery, FAW Toyota, Dongfeng Nissan, BYD, Geely, Changan Ford, sales volume was 40.5 thousand, 36.8 thousand, 32.2 thousand, 29.1 thousand, 25.1 thousand, 24.9 thousand, 24.4 thousand, 23.8 thousand, 21 thousand and 17.3 thousand, respectively. Both FAW Toyota and BYD enjoyed most appreciable growth compared with last year, up 29.90% and 27.96% respectively, followed by Shanghai Volkswagen, Geely and Changan Ford, while other enterprises were in the negative territory. Combined sales volume of the above tem enterprises were 275.1 thousand, accounting for 64% of the total car sales volume.
Boosted by favorable policies, independent brand cars outperformed in February, with market share further increasing to 31%, up 1% compared with January. According to Chenchao, Deputy Manager of Yishiwe Chery Auto City, further increase of market share of independent brands was also driven by market policies, the products under independent brands were mainly the models with 1.6L or less and thus enjoyed favorable policies. However, numerous models and brands with 1.6L or less in the car market resulted in fiercer competition, said by Chenchao.

Journalist Liu Peng contributed the reporting.