Prices of Chinese cars on average more than in US

16:31, December 08, 2009      

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Although China's auto sales and output both top the world, Chinese cars on average are more expensive than American ones, reported Chinese Business News (CBN) Tuesday.

CBN data shows that for the same car, the selling price in the US is lower than in China.

For example, the Camry, which features 2.4-liter engine, was sold at 149,000 yuan ($21.281) in the US, and 199,800 yuan ($29,261) in China.

According to statistics released by the China Association of Automobile Manufacturers (CAAM) Monday, the sales of China's passenger vehicle production and sales and output both exceeded 12 million units in the first 11 months, leading the world market.

While in the same period, passenger cars sales inthe US market were 9.37 million.

In November, the sales of the Chinese passenger cars reached 1.04 million, while those in of the US market were 745,000.

The CAAM forecast sales and output for the whole year would both exceed 13 million units.

But analysts pointed out that despite the large sales and output in Chinese market, these factors did not help the Chinese buy cheaper cars on average.

Statistics from IS Engine Consulting show that the average price of cars in the Chinese market did not drop dramatically because of the increased sales volume as it was approaching the year end; even some mini cars saw price rises.

However, in the US market, car manufacturers began a strong promotion campaign with the end of Thanksgiving and the approach of Christmas.

Source: Global Times
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