Xinhua. China’s automobile production and sales both shot up 25% in the first eight months of the year, the China Association of Automobile Manufacturers said Friday.
Production rose to 4.64 million vehicles between January and August (up 25.37%), while sales increased to 4.53 million units (up 24.58%). By comparison, sales of new light-duty vehicles in the US were 11.4 million units for the first eight months of 2006, down 4.3% from the same period in 2005.
The strong growth in China is mainly driven by dynamic growth in the passenger vehicle market, particularly sedans, the association said. In the first eight months of the year, China produced 3.33 million passenger vehicles and sold 3.23 million units, rising 33 percent and 32 percent, respectively.
The production and sale of sedans grew more than 40%.
The top 10 manufacturers sold a total of 3.8 million units, accounting for 83.83% of the market share. The top 10 are: SAIC, FAW, the Dongfeng Motor Corp, Chang’an, Beijing Automotive Industry Corp, Chery, Harbin Aircraft, the Guangzhou Automotive Industry Corp, Geely and Brilliance.