Aug Auto Sales Volume Up 4.48 Percent MoM To 1.5 Mn - ChinaScope Financial

Send Message

ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More

My company:: ChinaScope Financial
My blog:: ChinaScope Daily Dim Sum

Aug Auto Sales Volume Up 4.48 Percent MoM To 1.5 Mn 0 comments

Sep 12, 2012 2:02 AM | about stocks: GWLLF.PK, BYDDY.PK, GELYF.PK

Source: China Association of Automobile Manufacturers, ChinaScope Financial (Data)
+ According to data released by China Association of Automobile Manufacturers, China produced 1.50 million automobiles in August, up 4.48 percent month-on-month or 7.78 percent year-on-year. Automobile sales volume was close to 1.50 million, up 8.40 percent month-on-month or 8.26 percent year-on-year. In the January-August period, automobile output increased 5.19 percent year-on-year to 12.47 million, identical to the sales volume.
+ In August, sales volume of passenger vehicles increased 8.81 percent month-on-month to 1.22 million. In the first eight months, sales volume of passenger vehicles was 9.95 million, up 7.98 percent year-on-year; while the sales volume of commercial vehicles over the same period was down 8.85 percent year-on-year to 2.52 million vehicles. The year-on-year growth rate of automobile output and sales volume in the first eight months went up by 0.35 and 0.56 percentage points respectively on January-July.
Despite the seasonal pattern of weak sales in August, automobile growth was a relative strong 8.81 percent YoY. This might be due to high dealer inventory which has led to discounts and government subsidies to high-efficiency cars.(click to enlarge)
SUV sales continue to outperform other models; growth of SUV passenger vehicles was 25.23 percent YoY in August.(click to enlarge)

Themes: auto china, car manufacturers in china, china's automobile production, chinese cars, driving in china, growth of automobile sector in china, passenger car sales in china, SUV in china, geely auto, BYD, chery Stocks: GWLLF.PK, BYDDY.PK, GELYF.PK

Back To ChinaScope Financial's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.