Auto sales in China, the world's top car market, rose more than 32 percent in 2010 to 18.06 million units, Dow Jones Newswires quoted the China Association of Automobile Manufacturers as saying.December sales rose 17.9 percent from a year earlier to 1.67 million units, the association said in a statement.China overtook the United States in 2009 to become the world's largest car market. GM, Ford and Volkswagen all posted record sales in the country last year.
Vehicle sales in China rose 16 percent year-on-year in May to 1.61 million units, according to industry data on Saturday, indicating a strengthening recovery in the world's biggest auto market.In April total vehicle sales rose 5.2 percent to 1.62 million units, although from a higher base.Sales of passenger vehicles accelerated by 22.6 percent year-on-year in May to 1.28 million vehicles, from 12.5 percent in April, according to figures from the China Association of Automobile Manufacturers quoted by Dow Jones Newswires.
NEW DELHI: The auto industry has a positive start to the new fiscal, with most of the nation's top manufacturers reporting impressive sales expansion in April. But sector analysts don't yet see this as the beginning of a definite upcycle, as the growth may have been inflated by the year-earlier period's weak volume and possibly higher dispatches by manufactures in the first month of the financial year. Market leader Maruti Suzuki as well as the local units of Hyundai Motor, Toyota and Honda posted double-digit growth, helped by demand for compact sedans and sport-utility vehicles.
Shanghai (AFP) - China is crucial to foreign carmakers as the world's biggest auto market, but slowing economic growth and a corruption crackdown are denting its appeal as they gather for the country's premier industry show.
The China Association of Automobile Manufacturers (CAAM) released a report today, saying that passenger vehicles sales in China increased 9.7% in the month of July. This is lower than the 11.5% and 13.9% growth in sales experienced in the months of June and May respectively.
In terms of total vehicles sold, sales rose to 1.32 million, indicating an increase of 6.7% year-over-year (YoY).
Analysts attribute the abnormally warm weather in the month of July, and FIFA World Cup fever for the decline in auto sales growth as car buyers found multiple reasons to stay indoors.
The theory about the success of large global car manufacturers has been that as they lose sales ground in Europe, China should more than make up for the drop. The U.S. market has been strong enough to contribute to overall worldwide sales, but the People’s Republic, the largest car market in the world, is supposed to be the engine of successful expansion in the future. However, China’s car market growth has almost stopped, and major global auto companies have lost the foundations of their salvation.
South Korea's Samsung Electronics on Sunday said it aimed to quadruple its sales of LED-backlit flat panel televisions to 10 million units this year.The world's top LCD (liquid crystal display) television maker said that in 2009 it sold 2.6 million of the LED-backlit televisions, which use light emitting diodes, up from its initial target of two million."Samsung plans to make an aggressive move to help its LED (backlit LCD) TV lineups make up more than half of its total TV models this year," the company said in a statement, carried by Dow Jones Newswires.
Audi AG, the world’s second-largest luxury carmaker, announced today that its global vehicle sales jumped 15.4% last month over the same period last year. The German automaker, which operates as the upscale division of Volkswagen AG (VLKAY), posted its all-time record of 170,450 vehicle deliveries for the month of March.
China's auto sales dipped 0.25 percent in April in their first on-year fall in more than two years, data showed on Tuesday, as the market's explosive growth showed its clearest sign yet of cooling.A total of 1.55 million units were sold in the country -- the world's top auto market -- last month, the China Association of Automobile Manufacturers (CAAM) said.