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.
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.
Auto sales in China rose last month, although growth is no longer at the pace it was a year or two ago. Passenger car sales rose 7.3% in August, compared to August 2010, to 1.1 million vehicles, the China Association of Automobile Manufacturers said. Total vehicle sales rose 4%, to 1.38 million units. Total passenger ...
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.
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.
Japan ceded its spot as the world's second-biggest economy to China in 2010, as gross domestic product contracted in the fourth quarter on sliding consumer consumption and demand, data showed.Real gross domestic product slipped by an annualised 1.1 percent in the October-December quarter as the expiration of auto subsidies hit car sales and a strong yen hurt exports.The quarterly figure beat analyst expectations of a 2.4 percent contraction according to a Dow Jones Newswires poll of economists.