Corrected: China August vehicle sales up 4.15%, output grows 8.72%

09 September 2011 11:03  [Source: ICIS news]

Correction: In the ICIS story headlined “China August vehicle sales rise 4.15%, production grows 8.72%” dated 9 September 2011, please read in the first paragraph… August … instead of … June ….A corrected story follows.

SINGAPORE (ICIS)--China sold 1.38m vehicles in August, up 4.15% year on year compared to the same period last year, with sales expected to keep growing at a moderate pace in the next few months, industry data showed on Friday.

Compared to July, vehicles sales last month were up 8.29%, the China Association of Automobile Manufacturers (CAAM) said.

Meanwhile, the country’s vehicle production rose by 8.72% year on year to 1.39m units in August, CAAM said. Vehicle production grew by 6.66% month on month in August.

Passenger car sales rose 7.3% year on year to 1.10m units, while production was up 14.13% at 1.12m units, CAAM data showed.

In the January-August period of this year, China sold 11.98m vehicles, up 3.3% from the same period in 2010, while overall production rose 3.04% to 11.86m units, the data showed.

Total passenger car sales rose 6.05% year on year to 9.22m units in the January-August period, while production grew by 6.39% to 9.21m units, according to the data.

By: Fanny Zhang
+65 6780 4359

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