China’s Passenger Car Production Up 46.15% Through May
27 June 2006
People’s Daily. The production and sales of passenger cars in China from January through May 2006 amounted to 2.1677 million vehicles and 2.1127 million vehicles respectively, up by 46.15% and 44.21% respectively, according to statistics from the China Association of Automobile Manufacturers. Production and sales of commercial cars grew by 6.19% and 6.61% to 885,300 and 861,600 respectively.
Among the passenger cars, the manufacturing and sales of sedans soared by 56.65% and 55.09% to 1.5524 million and 1.5033 million respectively, Multiple Purpose Vehicle (MPV) climbed to 76,900 and 77,000 respectively and Sports Utility Vehicle increased by 96,400 and 97,500 respectively.
For the year through May, China’s automobile imports (including the complete sets of automobile spare parts) have climbed to 87,000 units, up by 80% over the same period of last year, according to the statistics released by the General Administration of Customs.
Analysts said the dealers increased car imports in the first quarter due to the coming increase of consumer tax from 1 April, but the imports saw a decline in April and further drops in May. Despite that, the imports in the first five months witnessed a surge of 80% because of the sharp increase in the first quarter.
China’s growth in demand for oil surged ahead to 13.5% in May from May 2005 to 6.5 million barrels per day, according to calculations based on official data—the fastest rate since 2004, when overall demand grew around 15%.
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