China overtakes U.S. as world's No. 1 auto market
By George Gao From:Gasgoo.comJanuary 08, 2010
Shanghai, January 8 (Gasgoo.com) As government policy incentives spurred demand, China sold more than 13.5 million vehicles in 2009, increasing over 44% from sales in 2008 and overtaking the U.S. to become the world's largest auto market, Xinhua News reported today.
China's 2009 sales figure compared with 10.4 million cars and light truck sold in the United States, the lowest level in 27 years. The Chinese tally is still higher than that of the U.S. after deducting roughly 650,000 units of heavy trucks.
The country's official auto sales data for 2009 is scheduled to be released by the China Association of Automobile Manufacturers next week, but the figure reported by Xinhua is in line with analysts' expectations.
Last year in the booming China market, General Motors' sales jumped 66.9% to 1.83 million units. Volkswagen sold a record 1.4 million cars, up 36.7%, Toyota Motor sold 709,000 vehicles, up 21%, and Ford Motor's sales grow 44% to 440,619 vehicles.
China's auto sales are largely boosted by government stimulus measures for lifting market demand. A low comparative base in 2008, when car sales growth slowed to a single-digit rate, also helped inflate the 2009 rate.
Chinese automakers sold 9.38 million vehicles in 2008, up 6.7%, the lowest rise in 10 years. The growth rate in 2007 was 21.84%. It may normalize to 10-15% in 2010 after the landmark year of 2009.
Gasgoo: auto parts source
Zum Glück hat SAF in China zwei Fabriken und schließt aktuell ein paar Verträge mit der einheimischen Industrie :-)
By George Gao From:Gasgoo.comJanuary 08, 2010
Shanghai, January 8 (Gasgoo.com) As government policy incentives spurred demand, China sold more than 13.5 million vehicles in 2009, increasing over 44% from sales in 2008 and overtaking the U.S. to become the world's largest auto market, Xinhua News reported today.
China's 2009 sales figure compared with 10.4 million cars and light truck sold in the United States, the lowest level in 27 years. The Chinese tally is still higher than that of the U.S. after deducting roughly 650,000 units of heavy trucks.
The country's official auto sales data for 2009 is scheduled to be released by the China Association of Automobile Manufacturers next week, but the figure reported by Xinhua is in line with analysts' expectations.
Last year in the booming China market, General Motors' sales jumped 66.9% to 1.83 million units. Volkswagen sold a record 1.4 million cars, up 36.7%, Toyota Motor sold 709,000 vehicles, up 21%, and Ford Motor's sales grow 44% to 440,619 vehicles.
China's auto sales are largely boosted by government stimulus measures for lifting market demand. A low comparative base in 2008, when car sales growth slowed to a single-digit rate, also helped inflate the 2009 rate.
Chinese automakers sold 9.38 million vehicles in 2008, up 6.7%, the lowest rise in 10 years. The growth rate in 2007 was 21.84%. It may normalize to 10-15% in 2010 after the landmark year of 2009.
Gasgoo: auto parts source
Zum Glück hat SAF in China zwei Fabriken und schließt aktuell ein paar Verträge mit der einheimischen Industrie :-)
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