Home / China News / News detail

Chinese car sales set to explode in July

Bertel Schmitt From Gasgoo.com| July 31 , 2009 10:44 BJT

Chinese car sales set to explode in July

Last June, China’s overall vehicle sales had soared 36.5 percent from a year earlier to 1.14m units. The “passenger vehicle” segment rose 48.4 percent in June from a year earlier to a record 872,900 units. In July, these numbers will most likely be surpassed. While the rest of the world is in tears, China is on a tear. The indicator: GM.

Contrary to back home, GM China is very much alive. Their Daewoo Lacetti-based Buick Excelle if flying off dealers’ lots. China is probably the sole reason for Buick still being around. June sales by model here.

Be prepared to be perplexed: GM China expects an increase of more than 70 percent compared to July 2008, Gasgoo reports. As one of the largest Chinese automakers, GM is a solid indicator for the Chinese market. GM’s China sales in June had climbed 61.6 percent. Volkswagen, number one passenger car maker in China, sold more cars in China in the first half of 2009 than in its home market Germany. All of this taken into account, the Chinese passenger vehicle segment should shatter the 50 percent growth barrier in July.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com