Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>Business

Japanese car sales rebound in November

By Tu Lei (Global Times)

09:26, December 11, 2012

Sales of Japanese cars saw a rebound in November, data from the China Association of Automobile Manufacturers (CAAM) showed Monday, indicating that Japanese brands are gradually recovering market share after being affected by the Diaoyu Islands spat.

Japanese car sales jumped to 170,200 units in November, up 72.17 percent month-on-month, according to the CAAM, but the sales figure was still 36.05 percent lower than for the same month last year.

Total vehicle sales in China rose 8.2 percent from a year earlier to 1.79 million units in November.

The market share of Japanese automakers came to 16.6 percent for the first 11 months of this year, compared to 17 percent by the end of October this year, and the share is still lower than that of German cars, which have 18.9 percent of the domestic market.

"Consumption has rebounded as the island spat has passed, showing that solid demand for Japanese cars still exists," Fu Zhiyong, an analyst at Adfaith Management Consulting, told the Global Times Monday.

"Our sales of Japanese cars have recovered to the level in August before the dispute happened, after sales in October fell by half," Chen He, marketing director at a Dongfeng Honda dealer in Chengdu in Southwest China's Sichuan Province, said Monday.

Major Japanese car producers, including Toyota Motor Corp, Nissan Motor Co, and Honda Motor Co, all saw their sales improve in November after a sharp fall in the previous two months.

Earlier this month, Toyota said its sales fell 22.1 percent year-on-year to 63,800 units in November, compared with a drop in sales of nearly 50 percent in September and 44 percent in October.

We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea

Email|Print|Comments(Editor:李倩、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's WZ-10 armed copters in training

  2. PLA recruits to join army units

  3. National Geographic auctions valuable photos

  4. Fantastic undersea world in Indonesia

  5. Cumquat market in S China's Guangxi

  6. Skyscraper Shanghai Tower

  7. 2013's holiday dates cause upset for some

  8. When Weibo meets WeChat

Most Popular

Opinions

  1. Turning point in China's economy growth at hand
  2. Long way for CNOOC after Nexen takeover approval
  3. More translations needed for Chinese literature
  4. Commentary: Western powers should drop bias
  5. Stock market needs regulation, not promotion
  6. BRICS economies are not fading
  7. Debate over gaokao policy heats up
  8. A survey on lunch in Beijing's primary schools
  9. China on course for stable growth: JP Morgan
  10. School needs be responsible for teachers' behaviors

What’s happening in China

Cumquat market in S China's Guangxi

  1. China to protect 1,000 minority villages
  2. Building catches fire in Shanghai's Pudong
  3. Computerized welfare lottery sales hit 100 bln RMB
  4. Foreigners asked to retrace Long March
  5. Online name-calling not equal to public opinion