China H1 vehicle sales grow 12.3%; production rises 12.8%

10 July 2013 12:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s vehicle sales in the first half of 2013 increased by 12.3% year on year to 10.78m units, official industry data showed on Wednesday.

Its vehicle production, on the other hand, grew at a slightly higher rate of 12.8% over the same period to 10.75m units, according to data from the China Association of Automobile Manufacturers (CAAM).

The country’s sales of passenger cars in the first half year grew by 13.8% on year to 8.67m units, with production rising by 14% to 8.66m units.

In June alone, China sold 11.2% more vehicles from the previous year to 1.75m units, with production up 9.3% to 1.67m units.

Passenger car sales last month stood at 1.40m units, while production was  and 1.36m units respectively, representing an inflation of 9.3% and 8.2% year on year, respectively.

Vehicle sales and production growths in the first half year were better than expected, according to CAAM, but added that the industry may face some uncertainties in the second half.

By: Fanny Zhang
+65 6780 4359

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