China vehicle sales down 18% in July

Statistics | Ash | August 7, 2008 at 7:37 pm

Recent statistics from the China Passenger Vehicle association have revealed that sales of automobiles are down 18% compared to sales in June. Shanghai GM and FAW VW are the top selling companies in July, Guangzhou Automobile also saw sales rise by 57%, but all the other marques are down.

Big losers in June were Beijing Hyundai (down 50%) and Chery Auto (down 20%) Dongfeng-PSA were also down 50%.

Dongfeng Nissan saw a massive boost to sales with the launch of the new Teana, which hit a high of 8905 orders in the first month of sales.

In the mid size luxury sedan sector, in which the Teana also competes, the Honda Accord took the top sales crown with it selling 17,191 cars. Its nearest rival the Toyota Camry sold just 9,439 cars in July. Previously the Camry nearly always outsold the Accord, but it seems the new Accord is taking back lost ground.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

Website - More Posts