Car sales accelerate to record | Shanghai Daily

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August 7, 2009

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Car sales accelerate to record

THE government stimulus measures and a rebound in the Chinese economy propelled major car makers in China to post record sales last month.

The sizzling sales may signal that China's auto sales will accelerate to a new high in the traditionally non-prime sales season, following a 36-percent year-on-year increase to 1.14 million units in June.

Chang'an Ford Sales Co, the Chinese venture of Ford Motor Corp, yesterday said sales rose 54 percent last month to 19,486 units.

General Motors Co, which is striving to win back dominance in the United States market amid bankruptcy protection, has posted a 78-percent jump in sales in China last month.

It sold 144,593 units, representing the best ever result for July and also extended its single month sales record since January, the Detroit-based car maker said in a statement.

Most auto makers said their small car models drove up the robust sales amid government support for such cars and that their higher class segments also recovered thanks to the rebound in the Chinese economy.

A lower tax and subsidies for vehicle purchases launched in January have proved effective in sparking market demand and helped car makers to offset slumping sales in the US and Europe.

China's auto sales topped 1.14 million units in June, according to China Association of Automobile Manufacturers. The official July sales will be released at the weekend.

Japan's Honda Motor Corp said sales for last month were a record high at 32,382 units in its passenger car venture Guangqi Honda Automobile Co.




 

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