Manufacturing News

China car sales soar nearly 50 pct in June

June passenger car sales in China, the world's third-largest vehicle market, leapt by nearly half to 375,500 units from a year earlier.

June passenger car sales in China, the world's third-largest vehicle market, leapt by nearly half to 375,500 units from a year earlier, the country's official auto industry association said on Tuesday.

From January to June, car sales climbed a more moderate 10.6 percent to 1.843 million units, the China Association of Automobile Manufacturers said in a statement sent to Reuters.

For the first six months, General Motors Corp.'s main joint venture in Shanghai led the country's car-making companies with 32,500 sedans sold, followed by Hyundai Motor Co. venture in Beijing with 22,400 and Volkswagen AG's venture in Shanghai with 21,300.

The German company's smaller venture in the northeastern city of Changchun moved 20,600 sedans to take fourth spot.

More detailed breakdowns were not immediately available.

Analysts have increasingly pointed to a resumption of growth momentum in China's intensely competitive automobile market after sedan sales rose just 15 percent in 2004 following a near-doubling in 2003. ADVERTISEMENT

"In June, growth in China's passenger market showed signs of recovering," the association said in a brief statement.

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