Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Auto sales hit record high in April
Adjust font size:

China's automobile sales probably reached a record high of 1.15 million units last month as the government's stimulus plans began to pay off, estimates from the China Association of Automobile Manufacturers (CAAM) indicated Thursday.

Official figures for vehicle production and sales are scheduled for release next Monday.

Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry.

China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers.

The auto market boom showed that the stimulus policies had greatly boosted consumer confidence, said Huang Yonghe, an expert at the China Automobile Technology and Research Center.

According to CAAM, sales of minivans and economy cars surged in April, with SGMW and ChangAn, China's two largest minivan makers, recording sales gains of more than 50 percent from last year.

Sales of China's Chery, which makes cars with small engine capacities, hit a record high of more than 42,000 units in April.

China's March auto sales grew 5 percent from a year earlier to 1.11 million units.

(Xinhua News Agency May 7, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Carmakers bullish on China auto sales for 2009
- China may top US in Q1 auto sales
- China to outstrip USA in 2009 auto sales
- Auto sales 'surpassed US in Jan'

Apr. 11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr. 17-19, Hainan The Boao Forum for Asia Annual Conference 20
Apr. 20-23, Beijing Green Transformation: Forcast New Business Culture
Apr. 27-28, Beijing China Institute Executive Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?