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China's Auto Sales Rise Sharply
1.66 mio og så kan man bare gange med 12, det giver en årsrate på godt 20 mio, det var vidst det jeg forudså og så endda i en normalt sæsonsvag måned
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close Yahoo! BuzzMySpacedel.icio.usRedditLinkedInFarkViadeoOrkut Text .By PATRICIA JIAYI HO BEIJING?China's auto sales surged to a monthly record of 1.66 million vehicles in January, extending last year's strong gains and bucking forecasts for weaker growth.
However, auto executives don't expect the rapid growth to be sustainable. January's rise benefited from a low comparison base in the year-earlier month, before Beijing introduced measures to boost vehicle sales in China during the global economic crisis.
Sales last month more than doubled from a year earlier, the China Association of Automobile Manufacturers said Tuesday. Executives at auto manufacturers have said they expect 2010 sales growth in China to slow to 10%-15%. Last year, China's vehicle sales rose nearly 50% to 13.6 million units, as the country overtook the U.S. as the world's largest auto market.
In January 2009, China's automobile sales fell 14%. The country's auto market started to show momentum a couple of months into last year, after the government unveiled sales incentives in late January and manufacturers began to increase production to meet demand. "We need to look at growth from March," said Yale Zhang, an analyst at CSM Worldwide. "That will show whether the market will continue to grow in a healthy way or not."
Beijing's incentives included halving a purchase tax on small vehicles to 5%, which analysts said likely helped sales soar last year at the expense of growth this year.
The government also pulled backed some incentives this year, raising the tax to 7.5%. It remains below the normal rate of 10%, but could provide less incentive for consumers to buy new vehicles. Separately, the government increased the subsidy for trade-ins of old, pollutive vehicles to a range of 5,000 yuan to 18,000 yuan ($732 to $2,637), from between 3,000 yuan to 6,000 yuan previously.
China has been a bright spot for auto makers, who have faced weak demand in developed markets.
Mercedes-Benz (China) Ltd., a unit of Daimler AG, said Tuesday its January sales in China rose more than doubled to 8,120 vehicles.
Last week, General Motors Co. said its January sales in China rose 97% to 219,192 vehicles, while a Toyota Motor Corp. spokesman said the Japanese auto maker's sales in China rose 53% to 72,000 vehicles in January. Ford Motor Co. said its passenger-vehicle sales in China more than doubled last month to 30,759 vehicles.
1.66 mio og så kan man bare gange med 12, det giver en årsrate på godt 20 mio, det var vidst det jeg forudså og så endda i en normalt sæsonsvag måned
.ArticleCommentsmore in Auto Industry News ».EmailPrintSave This ? More.
Digg
StumbleUpon
+ More
close Yahoo! BuzzMySpacedel.icio.usRedditLinkedInFarkViadeoOrkut Text .By PATRICIA JIAYI HO BEIJING?China's auto sales surged to a monthly record of 1.66 million vehicles in January, extending last year's strong gains and bucking forecasts for weaker growth.
However, auto executives don't expect the rapid growth to be sustainable. January's rise benefited from a low comparison base in the year-earlier month, before Beijing introduced measures to boost vehicle sales in China during the global economic crisis.
Sales last month more than doubled from a year earlier, the China Association of Automobile Manufacturers said Tuesday. Executives at auto manufacturers have said they expect 2010 sales growth in China to slow to 10%-15%. Last year, China's vehicle sales rose nearly 50% to 13.6 million units, as the country overtook the U.S. as the world's largest auto market.
In January 2009, China's automobile sales fell 14%. The country's auto market started to show momentum a couple of months into last year, after the government unveiled sales incentives in late January and manufacturers began to increase production to meet demand. "We need to look at growth from March," said Yale Zhang, an analyst at CSM Worldwide. "That will show whether the market will continue to grow in a healthy way or not."
Beijing's incentives included halving a purchase tax on small vehicles to 5%, which analysts said likely helped sales soar last year at the expense of growth this year.
The government also pulled backed some incentives this year, raising the tax to 7.5%. It remains below the normal rate of 10%, but could provide less incentive for consumers to buy new vehicles. Separately, the government increased the subsidy for trade-ins of old, pollutive vehicles to a range of 5,000 yuan to 18,000 yuan ($732 to $2,637), from between 3,000 yuan to 6,000 yuan previously.
China has been a bright spot for auto makers, who have faced weak demand in developed markets.
Mercedes-Benz (China) Ltd., a unit of Daimler AG, said Tuesday its January sales in China rose more than doubled to 8,120 vehicles.
Last week, General Motors Co. said its January sales in China rose 97% to 219,192 vehicles, while a Toyota Motor Corp. spokesman said the Japanese auto maker's sales in China rose 53% to 72,000 vehicles in January. Ford Motor Co. said its passenger-vehicle sales in China more than doubled last month to 30,759 vehicles.
