China August Vehicle Sales and Production Show Solid Gains

     BEIJING (MNI) - Vehicles sales in China jumped in August compared with July

but showed a slowdown on an annualized basis, with the performance of the

passenger car sector somewhat sluggish, the China Association of Automobile

Manufacturers (CAAM) said on its website Monday.

     On a month-on-month basis, total vehicle sales, comprising both passenger

cars and commercial vehicles, jumped 10.89% to 2.19 million units, compared with

a decrease of 9.24% in July, according to CAAM. On an annualized basis, total

vehicle sales rose 5.27%, compared with 6.15% growth in July. 

     In the first eight months of the year, sales increased 4.25% year-on-year

to 17.51 million units, compared with 4.1% growth in the January-July period.

     Passenger car sales increased 4.12% in August to 1.88 million units,

compared with an increase of 4.27% in July, CAAM said, while sales rose 11.72%

on a monthly basis, compared with an 8.37% decrease in July.

     During the first eight months, passenger car sales grew 2.23% to 14.81

million units, 0.28 percentage point higher than the January-July period.

     Commercial vehicle sales increased 12.8% to 311,000 units in August on an

annualized basis, compared with an increase of 18.36% in July, CAAM said, adding

that on a m/m basis, sales in August rose 12.8%, compared with a decrease of

13.9% in July.

     In the January-August period, sales of commercial vehicles grew 16.9% to

2.70 million units, 1.04 percentage points lower than sales in the first seven

months of the year.

     Total vehicle production in August rose 4.84% year-on-year to 2.09 million

units, compared with 4.76% growth in July, while production on a month-on-month

basis increased 1.61% from a 4.98% decrease in July, CAAM said.

     In the first night months, total production rose 4.67% to 17.68 million

units, 0.02 percentage point higher than that in the first seven month.

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com

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