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China's PV Sales in June up 13% y/y, down1.3% m/m

2008-07-08    Source:english.chinabuses.com

There were 517,469 passenger vehicles (PVs) sold in China in June, up 13% year on year (y/y), but down 1.3% from May. The PV sales in the Chinese market have dropped for three straight months, but this trend is expected to change for the better starting this month.


The latest statistics from the China Association of Automobile Manufacturers (CAAM) show that in the first six months of this year, the sales of passenger vehicles in the country totaled 3,322,876 units, up 14.2% over one year earlier. Industry experts from the CAAM predicted that the sluggish PV sales since April will be reversed in the second half of this year starting in July, with sales likely to grow by 10% y/y.


In June, China sold 38,098 SUVs, representing the biggest growth at 32.0% y/y; there were 369,639 sedans sold, up 11.7% y/y, but down 2.02% from the previous month; sales of MPVs (multi-purpose vehicles) hit 17,622 units, up 0.8% y/y.




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