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Chinese-brand cars take largest domestic market share
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16:17, July 30, 2009

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Since January Chinese-brand cars have consistently secured the largest domestic market share, according to the latest statistics from the China Association of Automobile Manufacturers.

In the first half of 2009, Chinese-brand car sales reached 955,300, an increase of 4.21 percentage points year-on-year and accounting for 45.32 percent of the total passenger vehicle sales and 29.45 percent of the total sedan sales respectively.

In addition, with a strong sales momentum, domestic-brand mini buses took a majority share of the market. In the first half, SAIC-GM-Wuling Automobile Company sold 525,000 mini vans, mini cars and mini trucks, an increase of more than 49 percent year-on-year.

"In the first half, our sales totaled 176,795 units, up 176 percent year-on-year," said Yang Zhao, director of the Public Relations Department of BYD Auto Sales Company. He added, "Aside from higher consumer recognition of domestic-brands, hot sales can be half attributed to a number of incentive policies adopted by the government."

In the first half, China's vehicle sales stood at 6.1 million, an increase of 17.7 percent year-on-year. China's vehicle output and sales have surpassed one million for four consecutive months, and China has overtaken the US to be the world's largest market for six consecutive months.

By People's Daily Online

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