Number of private cars in China exceeds 70 million

14:04, July 20, 2011      

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Statistics from the Traffic Administration under the Ministry of Public Security show that the total quantity of automotive vehicles in China stood at 217 million by the end of June 2011, including nearly 72.1 million private cars.

The ownership rate of private cars continues to increase, and private cars have become increasingly popular as a mode of transportation. Experts believe China's rapid economic growth and rising incomes of residents lay a solid foundation for the popularization of cars. However, China should treat the growth of private cars with a more rational attitude.

11 cities have more than 1 million cars each

Currently, 11 cities have more than 1 million cars. In the first half of 2011, there were nearly 10.1 million new automotive vehicles nationwide, including 7.6 million new cars, higher than nearly 6.9 million new cars in the same period of 2010. Data shows that 11 cities ,such as Beijing, Shenzhen, Shanghai, Chengdu and Tianjin, have more than 1 million cars, and Beijing has more than 4.6 million cars.

Sedans, the most popular passenger cars, have seen rapid growth in sales. By the end of June 2011, the total quantity of passenger cars in China stood at nearly 67.9 million, including nearly 61.5 million sedans, accounting for nearly 91 percent of the total quantity of passenger cars.

In addition, the "Blue Book on Social Construction" issued by the China Academy of Social Sciences in 2011 points out that there are 60 private cars for ever 100 families in Beijings.

Small, medium-sized cities limit auto purchase

Zhou Qingjie, director of the Economic Research Center under the Beijing Technology and Business University, told reporters from People's Daily that the most important reason for the rapid growth of private cars is that the incomes of China's residents continue to strengthen along with their confidence in China's economic development. The number of common people who have realized the dream of having a private car is increasing. Meanwhile, the abundance of automobiles developed and produced by China's national automobile industry for common families have provided sufficient choices for private car consumer.

But Zhou also believes that the rapid growth of private cars is closely connected with the automobile industry stimulus policy launched by China after the international financial crisis.

Data show that China's automobile sales volume exceeded 13 million in 2009, and the volume of November of 2009 increased by more than 96 percent compared to the same month of 2008, a new historical record. The amazing development of China's automobile industry has made China the largest country in automobile production and sales in the world. And in 2010, China's automobile output and sales volume both exceeded 18 million and both set a new historical record.

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