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China's motor vehicle amount increases in first half of 2009
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16:36, July 08, 2009

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Thanks to a series of policies to stimulate automobile consumption, in the first six month of this year, the number of China's registered motor vehicles has reversed a decline trend which started in the second half of last year, and showed a trend of relatively rapid growth.

Analysts pointed out that starting from February, the number of registered motor vehicles showed a noticeable rebound, driven by fuel tax reform policies and lowered purchase tax for low-emission cars. In particular, the "automobiles and motorcycles going to the countryside" policy implemented in March has further advanced the rapid increase of registered motor vehicles.

In the first six months of 2009, the number of motor vehicles increased by 36,814 units per day or by a total of 6.663385 million units. This represents an increase of 3.92 percent from the end of 2008, and an increase of 10.837782 million units or 6.54 percent year-on-year. Motor vehicle "population" refers to the number of motor vehicles registered by traffic administrative authorities.

Since February 2009, the number of registered motor vehicles has shown rapid growth for five consecutive months, with an average increase of 1.110564 million units per month. The increase is noticeably higher than the average monthly increase of 695,732 units in the second half of last year.

In terms of types of vehicles, the number of China's registered automobiles increased by 7.66 percent from the end of last year, or by 13.73 percent year-on-year. The number of registered automobiles accounted for 39.44 percent of total motor vehicles, an increase of 1.37 percentage points from the end of last year.

The number of registered motorcycles increased by 1.89 percent from the end of last year, or by 2.66 percent year-on-year. The number of registered motorcycles accounted for 51.67 percent of total motor vehicles, a drop of 1.03 percentage points from the end of last year.

The number of registered small-sized passenger vehicles and light-duty goods vehicles increased rapidly, thanks to tax break and exemption policies for low-emission cars and the "automobiles going to the countryside" policy. The number of registered small-sized passenger vehicles increased by 12.67 percent year-on-year, and the number of light-duty goods vehicles increased by 7.63 percent year-on-year.

The proportion of private cars continued to increase. As of the end of June, the number of registered private motor vehicles accounted for 76.84 percent of total motor vehicles, an increase of 4.65 percent from the end of last year. Private cars accounted for 66.42 percent of total registered automobiles.

In addition, in the first six months of 2009, the number of China's motor vehicle drivers increased by 4.53 percent year-on-year. Of these, 68.39 percent are automobile drivers, 1.85 times the number of registered automobiles.

By People's Daily Online

http://paper.people.com.cn/rmrb/html/2009-07/08/content_291304.htm



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