China Apr vehicle sales up 5.2% year on year; down 11.7% from Mar

09 May 2012 10:11  [Source: ICIS news]

SINGAPORE (ICIS)--China sold 1.62m units of vehicles in April, rising 5.2% year on year but 11.7% lower compared with March sales, official industry data showed on Wednesday.

The country’s vehicle production in April totaled 1.65m units, representing a 7.8% increase compared with the same period last year, according to the China Association of Automobile Manufacturers (CAAM), saying that the figures came within expectations.

Compared with March, however, vehicle production last month declined 12.4%, the association said.

On a year-on-year comparison, China’s April passenger car sales at 1.28m units were up 12.5%, with production rising 13.6% to 1.31m units, CAAM data showed.

In the first four months of 2012, China’s total vehicle sales fell 1.3% year on year to 6.42m units, while production inched up 0.47% to 6.43m units, according to the association.

Passenger car sales for the four-month period increased 1.9% year on year to 5.05m, with total production up 4% to 5.07m units, industry statistics showed.

Car production and sales data is an indicator of base oil demand and plastic consumption in the manufacture of automotive parts.

By: Fanny Zhang
+65 6780 4359

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