2012 China Vehicle Sales Grow by 4%, CV’s Down 5%, Passenger Car Sales Up 7%

Share Our Knowledge With Your Friends, Contacts And Co-Workers

One of the major topics in 2011 and 2012 for vehicle makers in China was the era of ‘slow growth’. Manufacturers had grown used to a decade of 30% year on year growth but that stopped in 2011 with the onset of the global economy which led to slower export sales but was also partly influenced by rising inflation in China and rising worker salaries as the labor pool grows smaller.

Total production of cars in 2012 reached 19.27 million whilst sales were at 19.30 million, an increase of 4.63% and 4.33% respectively. Passenger vehicles stood for just over 15.52 million and 15.49 million sales, an increase of 7.17% and 7.07%. Commercial Vehicles sales were down year on year with production reaching 3.74 million and sales 3.81 million, a decrease of 4.71% and 5.49% respectively.

The pace of growth is still higher than 2011′s 2.5%, which shows there is some elasticity remaining in the market.

Over 10.76 million passenger cars, including sedans and hatchbacks, were produced whilst 10.74 million were sold in 2012, an icnrease of 6.22% and 6.15%, 491,900 MPV’s were produced and 493,400 were sold, a decrease of 2.84% and 0.87%, SUV’s remained the bright side of the market with production reached 1.99 million and sales breaching 2 million, an increase of 24.67% and 0.87%. Fork lift trucks are also included in the official stats, with 2.26 million being production a 2.25 million being sold, an increase of 1.20% and a decline of 0.07%.

Despite the slow growth in the Chinese market it is still seen as the best investment option according to a KPMG report released yesterday. The report follows a survey of 200 automotive executives whom gave their thoughts on the current status of the market and concluded that the country still has significant demand and export opportunities to be chased.

Chinese vehicle exports reached just over 1.06 million in 2012 and are expected to be strong again in 2013 with the renewed economic activity in key markets such as the Middle east and South America.

About the author  ⁄ 

One Comment

  • dragin
    January 11, 2013

    “Total production of cars in 2012 reached 19.27 million whilst sales were at 19.30 million,…”

    And the source for these statistics?

Leave a Comment

See News by Industry
Industry News China Green Auto News Spy Shots China Auto Culture
See News By Brand
Acura China Acura China Aston Martin China Aston Martin Audi China,FAW-Audi Audi China
Baojun Auto Baojun Beijing Auto Beijing Auto Group Beijing Auto Beijing Auto
Besturn Auto, FAW Besturn Besturn BMW China BMW China Brilliance Auto Brilliance Auto
Buick China Buick China Baojun Auto BYD Baojun Auto Cadillac
Changa,Chang'an Chang'an - Chana Changfeng Changfeng Changhe Auto Changhe
Chery Auto Chery Chevrolet China Chevrolet Chevrolet China Chrysler
Citroen China Citroen Dodge China Dodge Dodge China Citroen DS
Dongfeng Auto Dongfeng Geely Emgrand Emgrand Geely Emgrand Englon
FAW,First Automobile Works FAW Ferrari China Ferrari Fiat China Fiat
Foday Auto Foday Ford China,Changan-Ford Ford Guangzhou Auto Guangzhou Auto
Geely Auto Geely Geely Auto Gleagle GoNow Auto GoNow
Great Wall Great Wall Hafei Auto Hafei Haima Haima
Hawtai Hawtai Honda Honda Huanghai Yellow Sea Auto Huanghai (Yellow Sea)
Hyundai China Hyundai Infiniti China Infiniti JAC China JAC
Jaguar Jaguar Jinbei Jinbei JMC JMC
Kia Kia     Jaguar Land Rover
Landwind Landwind Lexus China Lexus Lifan Auto Lifan
Lincoln Lincoln Youngman Lotus Youngman Lotus Luxgen Luxgen
Mazda Mazda Mercedes China Mercedes MG - Morris Garages MG
MINI China MINI Mitsubishi China Mitsubishi Nissan China Nissan
Opel China Opel Opel China Peugeot Reely China Reely
Renault Riich Riich Riich Roewe
Rolls-Royce China Rolls-Royce SEAT SEAT Senova Senova/ShenBao
Double Ring Double Ring - Shuang Huan Sichuan Yema Sichuan Yema Skoda Skoda
Double Ring Smart Subaru Subaru Suzuki Suzuki
Toyota Toyota Volvo Volvo Volkswagen Volkswagen
Zotye Zotye   Others    
Sign up today to receive China Car Times weekly newsletter!
Your name
Your email