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July Vehicle Sales in China Up 64%, Passenger Cars Up 71%

Sales of domestically-produced vehicles in China rose 64% in July year-on-year, surpassing the one-million unit mark for the fifth month in a row, according to the China Association of Automobile Manufacturers (CAAM). Sales totalled 1.09 million units. Sales of passenger cars jumped 71% to 832,600 units in July.

For the first seven months of 2009, vehicle sales were more than 7.18 million units, up 23% year-on-year. Domestic production was more than 7.1 million units, up 20.23%. Passenger car sales over the same period reached 5.37 million units, up 31% from the same period last year.

By comparison, light duty vehicle sales in the US in July were 997,824 units, according to Autodata, down 12% year-on-year. From January through July US LDV sales were 5.8 million units, down 32% from the same period last year.

ChangAn Auto Co., Ltd., a leading domestic auto maker, saw its sales volume increase more than 82% year-on-year in July.



If this keeps up, China may before number one market by the end of 2009 or in 2010.

What a quick change with the current number one.

Will this keep up with the coming of electrified vehicles or even accellerate.

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