--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
First Quarter Car Sales Down 7.7 Percent

China's largest automakers rode a 73 percent jump in car sales in March from February, but first-quarter sales slid 7.7 percent from a year earlier as the world's third-largest vehicle market kept up its growth slowdown.

The carmakers in March sold 2.5 percent more passenger vehicles, including non-sedans, than a year earlier, the China Association of Automobile Manufacturers said Thursday.

 

Those manufacturers, which included all major players, such as General Motors Corp. and Toyota Motor Corp., moved 256,000 passenger cars last month.

 

In the first quarter, sales hit 574,300 units, a fall of almost 8 percent off a high base last year, the industry body said.

 

The five largest companies by sales in March were Shanghai GM, Honda Motor Co's Guangzhou unit, Hyundai Motor Co.'s Beijing venture, Toyota partner Tianjin FAW Xiali Automobile Ltd. and Shanghai Volkswagen, the main Chinese venture for German-based Volkswagen.

 

Car sales in China rose 15 percent last year after almost doubling in 2003, held back by government steps to cool the economy.

 

That triggered a new round of price wars, with Honda, Ford Motor Co. and BMW AG slashing prices in the first quarter.

 

(Shenzhen Daily April 8, 2005)

 

Vehicle Sales Slump Sparks Profits Crash
Expert Predicts a Better Year for Carmakers
Carmakers Greet 2005 with More Price Cuts
Car Production Lower than Expected
Carmakers May Curb Expansion in China
Cars Sales at Record Levels
Lower Prices Stimulate China's Auto Market
Car Sales Growth Slows Further in China
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688