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Tuesday, July 22, 2014

China Auto Update: 2014 First Half

Despite a slowing economy, China’s auto industry sales were strong during the first six months of the year. Passenger car sales registered a double-digit increase of 11 percent to 9.6 million units during the period as consumers continued to flock to dealer showrooms. The slowing economy did have an impact on the commercial vehicle market, though. Truck sales slipped by four percent to 1.8 million units, while bus sales increased by a modest four percent to approximately 300,000 units. Overall, total vehicle sales increased by eight percent to 11.7 million units through the end of June.

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