Shanghai October 13 (Gasgoo.com) China's vehicle sales rose to 1.6 million units in September, from 1.3 million a year earlier. Passenger vehicle sales rose 19.3% year on year to 1.21 million units for the month as peak selling season sets in, market share growing at the same time, Chinanews.com reported Wednesday.
According to data released by the China Automobile Industry Association (CAAM), Chinese-brand passenger vehicle sales reached 509,300 units in September, accounting for 42.04% of total passenger vehicle sales. Market share went up 0.88% from August.
Of which sales of own-brand passenger vehicles made by joint ventures with Japan, Germany, America, Korea and France were 243,000 units, 189,100 units, 131,300 units, 103,000 units and 35,700 units, accounting for 20.06%,15.61%, 10.84%, 8.50% and 2.95% of the total own-brand passenger vehicle sales respectively.
Moreover, the data show that China's self-developed sedan sales in September came to 240,000 units, accounting for 28.21% of the total sedan sales. Market share rose 0.66% from the previous month.
The own-brand sedans made by joint ventures with Japan, Germany, America, Korea and France achieved 194,400 units, 172,400 units, 125,800 units, 82,500 units and 35,700 units in sales, accounting for 22.85%, 20.26%, 14.79%, 9.69% and 4.20% of the total sedan sales respectively. Japanese vehicle sales went back up to second place in the world's largest auto market.
Although market share rebounded a little last month, Chinese-brand vehicles' overall market share has been falling for months, which an industry expert earlier said was mainly caused by launch of various joint venture vehicles, such as the Volkswagen Golf and the likes that intensified competition between small displacement cars in the Chinese market.
