The Sales of Commercial Vehicles Jumped 44.19 per in Jul.
2009-08-11 Source：english.chinabuses.com
English.chinabuses.com:Statistics released by the China Association of Automobile Manufacturers (CAAM) showed China sold 1.09 million vehicles in July, up 63.57 percent year-on-year. Output hit more than 1.1 million units, up 52.15 percent from the previous year. Both the sales and output volume were beyond earlier anticipation.
Sales of commercial cars have been amounting in recent months in the wake of the rebounding passenger auto sales. The output of commercial vehicles jumped 38.74 percent from a year earlier to 259,300 units and sales were up 44.19 percent to 253,000 units in July.
According to the CAAM, recovery of the commercial auto market was led by the domestic economic recovery. Statistics released by the Ministry of Transport echoed the idea. It showed China's port cargo throughout jumped 12.9 percent year-on-year in July, which largely raised the demand of commercial cars, such as semi-trailer towing vehicles.
"China can surely sell more than 11 million vehicles in 2009, if the auto market doesn't shrink in the second half year", said Dong Yang, secretary general of the CAAM. The figure was higher than the earlier prediction of 10.2 million vehicles.
Top management with many auto manufacturers, such as Haima Investment Group and Brilliance Auto, predicated better profitability in the second half year than the first half, if the auto market maintains strong demand.
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