Production and sales figures for Chinese made vehicles fall in Q1

   Date:2012-04-13 (Shanghai April 12) - The China Association of Automobile Manufacturers announced that a total of 4.78 million and 4.79 million domestically manufactured vehicles were produced and sold in the first three months of the year, China Business News reported today, citing a Xinhua story. The figures represent respective year-on-year decreases of 1.83 percent and 3.4 percent. The CAAM attributes the fall to the increasing price of fuel, decreasing consumer interest in commercial vehicles and other factors.

Passenger vehicles production and sales numbers were both around 3.77 million units, while production and sales figures of commercial vehicles accounted for the remaining 1.01 million and 1.02 million units, respectively. Despite an overall lackluster performance over the entire three month period, both passenger and commercial vehicles production and sales numbers were good in March. A total of 1.88 million vehicles were manufactured in the month, increasing 16.9 percent from February and 3.8 percent from last March, while 1.84 million vehicles were sold, representing growth of 17.33 percent and 1.02 percent from the previous month and year, respectively.

SAIC remained the manufacturer with the most vehicles sold in the three month period, having moved a total of 1.13 million units. It was followed by Dongfeng (832,600 sales), FAW (642,300), Changan (517,200), BAIC (388,500), Guangqi (165,500), Chery (141,400), Great Wall (132,700), Brilliance (132,500) and JAC (124,000). The ten above manufacturers accounted for 87.8 percent of all domestically-made vehicle sales.

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