China's production and sales volume of domestic vehicles increased greatly from last year

17:09, November 10, 2010      

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China's domestic vehicle production and sales volume from January to October 2010 reached 14.62 million and 14.68 million units respectively, 832,800 and more than 1 million units over the figures for all of 2009, according to the latest statistics released by the China Association of Automobile Manufacturers (CAAM) on Nov. 9.

CAAM’s statistics show that the production and sales volume of domestic vehicles for the first 10 months of this year rose 34.5 percent and 34.8 percent from the same period of last year. The production and sales volume of passenger vehicles reached 11.08 million and 11.10 million units, respectively, up 36.3 percent and 35.5 percent from a year earlier. The production and sales volume of commercial vehicles reached 3.55 million and 3.58 million units, respectively, up 29.2 percent and 32.4 percent compared to the first 10 months of last year.

From January to October this year, China's top 10 auto makers listed in descending order by sales are Shanghai Automotive Industry Corporation, Dongfeng Motor Corporation, FAW Group Corporation, Chang'an Automobile Company, Beijing Automobile Works Company, Guangzhou Automobile Group Company, Chery Automobile Company, BYD Company, Brilliance China Automotive Holdings and Anhui Jianghuai Automobile Company. The combined sales volume of the 10 companies amounted to nearly 12.8 million units, accounting for 87 percent of the total auto sales in China in the first 10 months of this year.

CAAM predicted that the full-year production and sales volume of domestic vehicles will both exceed 17 million units in 2010, and China will remain the largest automobile producer and largest auto market in the world.

By People's Daily Online


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