Latest News:  


January vehicle sales surge 45.4 percent (2)

(China Daily)

10:22, February 08, 2013

Visitors flock to an auto show in Nantong, Jiangsu province. China's car sales in January rose 9.2 percent from the previous month, the China Passenger Car Association said. (Photo/China Daily)

Even the three Japanese automakers, Toyota, Honda and Nissan, whose sales were seriously hit by Chinese consumers' avoiding Japanese products amid rising anger over Tokyo's illegal "purchase" of China's Diaoyu Islands, all saw their sales rise around 20 percent in January after sharp declines for four months.

Although dealers' inventories dipped slightly for four consecutive months, the fast-increasing sales made the China Automobile Dealers Association declare a red alert over an inventory rebound after Spring Festival.

According to the Vehicle Inventory Alert Index the association released this week, in January, the alert index gained 0.9 percentage points to 45.26 percent, warning dealers to pay attention to a growing inventory.

"As automakers all readjusted their sales targets last year amid a market slowdown, the inventory at dealers was eased at the end of 2012. However, a sharp reduction in sales in February from January due to fewer working days brings the high risk of inventories accumulating after the holiday," said Luo Lei, deputy secretary-general of the association.

According to the association's survey of more than 1,000 automobile dealers covering 50 major vehicle brands across the country, due to the Spring Festival holiday, most dealers expect business to worsen in February.

"Dealers and automakers should take measures to cope with the sharp drop in vehicle demand after the holiday, in a bid to avoid the inventory rebound," said Luo.

【1】 【2】

Email|Print|Comments(Editor:DuMingming、Chen Lidan)

Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese navy conducts landing training

  2. Winter training on snow-capped mountains

  3. Imitation of Russian Empress' crown unveiled

  4. 12 killed in SW China road accident

  5. Moments that melt your heart

  6. China's transport sees travel rush

  7. Celine Dion set to shine on night of stars

  8. Avoid problems caused by napping in a car

  9. Robot pavilion opens to public at Taipei

  10. China's income distribution reform

Most Popular


  1. US to withdraw from Middle East?
  2. Ensure fairness during festival travel rush
  3. Is the wolf really gone?
  4. K-pop on Spring Festival gala stirs controversy
  5. Some media don't get the message: no bootlicking
  6. US playing strategic arms game
  7. Aiming at fairer realty market
  8. Dark business environment breeds dark deeds
  9. Israel-Palestine peace talks dominate Obama's visit
  10. Cowardly officials behind thuggish pawns

What’s happening in China

Beast removal to new home: Chengdu zoo moves wild animals

  1. Invasion of privacy a tricky affair
  2. Chinese spend big for Valentine's Day
  3. China ends free postgrad tuition
  4. Media told to drop ads for gifts
  5. China to develop sustainable marine fishery