China June vehicle sales rise 1.4%, production grows 0.65%

08 July 2011 10:43  [Source: ICIS news]

SINGAPORE (ICIS)--China sold 1.43m vehicles in June, up a slight 1.4% compared to the same period last year, snapping two consecutive months of annual declines, industry data showed on Friday.

Compared to May, vehicles sales last month were up 3.62%, according to the China Association of Automobile Manufacturers (CAAM).

Meanwhile, the country's vehicle production in June increased 0.65% year on year to 1.40m units, up 3.83% month on month, the association said.

Passenger car sales rose 6.21% year on year to 1.11m units, while production was up 7.17% to 1.12m units, it added.

In the first half of this year, China's total vehicle sales stood at 9.32m units, 3.35% more compared to the same period of 2010, with total production up 2.48% on year to 9.16m units, CAAM data showed.

Total passenger car sales during the period increased 5.75% to 7.11m units, while production was 5.36% higher at 7.04m units, according to the industry data.

Analysts said that active promotions by producers and dealers helped increase vehicle sales in June, but the numbers could fall again in the coming two months because of high fuel costs.

By: Fanny Zhang
+65 6780 4359

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