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China auto sales growth cools to 9.7%

  • China auto sales rose 9.7% to 1.3M vehicles in July, according to The China Association of Automobile Manufacturers. The mark falls short of the double-digit pace seen in May and June.
  • Passenger car sales rose 11% to 11M in China for the first seven months of the year.
  • German automakers (OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY) have gained 190 bps of market share this year to 21.5% share, while Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) added 20 bps to 15.1%.
  • Cars sold by Chinese automakers repped 37% of the market, while U.S. automakers (GM, [F) grabbed 12.8%.
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Comments (12)
  • papita
    , contributor
    Comments (225) | Send Message
     
    cooled to 9.7%? what do people expect? double digit increases across the globe every month?
    8 Aug 2014, 07:51 AM Reply Like
  • lemm
    , contributor
    Comments (761) | Send Message
     
    I just read the Zacks report,it showed a 12.7% gain???
    8 Aug 2014, 08:04 AM Reply Like
  • mikeRetirement
    , contributor
    Comments (280) | Send Message
     
    Others reporting 12.7% gain for GM. Please correct.
    8 Aug 2014, 09:01 AM Reply Like
  • crazty4tennis
    , contributor
    Comments (888) | Send Message
     
    Well ... yes, possibly, but I don't see GM succeeding that much over there. The numbers aren't true. You have pro GM analysts and reporters. So anything goes and is possible beyond the truth.
    8 Aug 2014, 09:36 AM Reply Like
  • Tdot
    , contributor
    Comments (5277) | Send Message
     
    The numbers are from The China Association of Automobile Manufacturers. You would think they would know how many vehicles they built and sold, and would not let one manufacturer get away with lying about it.

     

    All they have to do is check the government's new vehicle registration figures.
    8 Aug 2014, 09:52 AM Reply Like
  • Iknownothing
    , contributor
    Comments (74) | Send Message
     
    OMG...the sky is falling.

     

    Good grief.
    8 Aug 2014, 08:32 AM Reply Like
  • Tdot
    , contributor
    Comments (5277) | Send Message
     
    Well, it has to start leveling off eventually to a natural replacement rate.
    8 Aug 2014, 08:36 AM Reply Like
  • canb888
    , contributor
    Comments (437) | Send Message
     
    11 Million in 7 months, impressive indeed. Where are those who keep saying that their per capita GDP is less than $6k/yr and average employment income is less than $4k/yr in Shanghai which is the highest in the country, thus they can't afford to buy cars or condominium homes?
    8 Aug 2014, 09:08 AM Reply Like
  • Shaduc
    , contributor
    Comments (1949) | Send Message
     
    $4k/yr, that is 24.5k RMB/yr. Shanghai minimum wage is 24k RMB/year. These calculations are off!

     

    Furthermore Cn's per capita income is around $7000, 2013.

     

    http://bit.ly/1q0K2PV
    http://bit.ly/1q0K0rx;a=
    8 Aug 2014, 09:16 AM Reply Like
  • crazty4tennis
    , contributor
    Comments (888) | Send Message
     
    China's economy is cooling down and the Chinese people are driving more than before. No more bicycles or rickshaws. Pollution is incredibly high and the local rivers and lakes are polluted horribly. Gas is very expensive for the Chinese. Their roadways are worse than ours. What can you expect?
    8 Aug 2014, 09:34 AM Reply Like
  • Tdot
    , contributor
    Comments (5277) | Send Message
     
    Pollution is high at least partly because so many that are driving, are driving ancient domestic-branded automobiles and motorcycles and scooters and things, with little to no emissions controls and horrible fuel efficiency. Which is why the Chinese Government is having the best and brightest of the European and American manufacturers come in: to partnership with their domestics, and provide the crucial knowledge and technologies required to bring them into the 21st century.
    8 Aug 2014, 09:48 AM Reply Like
  • cbroncos
    , contributor
    Comments (1327) | Send Message
     
    Ford sales were 25% in China during July.
    8 Aug 2014, 09:46 AM Reply Like
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