Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China's auto sales growth hits new low in last 10 years
+ -
14:10, January 13, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Thai auto production projected to fall 23-24% in 2009
 China's car makers urged to learn from U.S. crisis by "thinking small"
 China's first new energy auto base set up
 Leading auto companies in Turkey suspend production due to economic crisis
 White House:No immediate announcement on auto bailout
 Comment  Tell A Friend
 Print Format  Save Article
Given the impact of the international financial crisis, industry insiders had long given up the hope that China would realize a vehicle sales volume of 10 million in 2008. However, an annual sales growth rate of merely 6.70% was still surprising to many.

According to the latest statistics released by the China Association of Automobile Manufacturers on January 12, in 2008 the number of vehicles manufactured in China was 9.3451 million and the number of vehicles sold stood at 9.3805 million, recording growth rates of 5.21% and 6.70% year-on-year respectively, down by 16.81 percentage points and 15.14 percentage points compared with the same period the previous year.

The sales volume growth of 6.70% not only marks a new low in the last 10 years, but it is also lower than the growth rate of China's GDP, for the first time in the last decade.

However, in 2008 the Chinese automobile market still outperformed those in developed countries such as the US, Germany and Japan. Statistics show that in 2008, the gross sales volume of the US automobile market declined by 18% year-on-year, the number of new license plates in Germany decreased by 1.9% year-on-year and the sales volume of new sedans, trucks and passenger cars in Japan dropped by 6.5% year-on-year, reaching the lowest level since 1974.

By People's Daily Online



  Your Message:   Most Commented:
7,000 students register in Iran's Isfahan to fight Israel
Behind scene of "Bush shoes attack"
Vice premier: China urges immediate stop of military operations in Gaza
Message Board
U.S. blame game cannot change facts of financial crisis 

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6573151.pdf