Connect with us

Blast

China auto sales continue double-digit growth

TDT

Published

on

SPECTATORS crowd car displays during the recent Beijing Auto Show. NOEL CELIS/AGENCE FRANCE-PRESSE

BEIJING, China (Xinhua) — China’s auto sales last month rose 12.8 percent year-on-year to 2.57 million units as the market warmed alongside government policies to spur consumption, data from an industry association showed on Tuesday.

The rise marked the fifth consecutive month of double-digit growth. Auto sales rose 17.4 percent on a monthly basis, according to the China Association of Automobile Manufacturers.

In the first three quarters, auto sales totaled 17.12 million units, down 6.9 percent year-on-year.

Last month, sales of passenger vehicles gained eight percent year-on-year to 2.09 million units, while those of new energy vehicles surged 67.7 percent to 138,000 units.

China’s auto market — hit hard by COVID-19 — began to recover in April thanks to unleashed pent-up demand and supportive policies.

To meet new demands generated by green consumption, China’s State Council last week approved a plan to boost the country’s electric vehicle industry, which underlined efforts to tackle vital technologies, consolidate the construction of infrastructure including charging facilities and strengthen international cooperation.

The data also showed China produced 2.52 million cars last month, up 14.1 percent year-on-year.

 

Citroen 1919 concept car is a crowd favorite in the show — even to the young market.
NOEL CELIS/AGENCE FRANCE-PRESSE

Infecting the region
With this, the world’s biggest automotive market likely has trickled this positive growth to its region with a number of Asian countries also reporting progress these past few months.

The Thailand car market recently showed strong signs of revival in a monthly basis with about 48,000 units sold in August. While Indonesia — likewise — is seeing about 40-percent growth per month.

Locally, there is meanwhile a 37-percent increase in September automotive sales compared to August’s sales performance.

“CAMPI remains optimistic that the automotive sector will recover until the end,” Chamber of Automotive Manufacturer of the Philippines, Inc. (CAMPI) president Rommel Gutierrez said in a statement.

Advertisement
Advertisement
Advertisement
Advertisement