Chinese automobile sales continue to grow steadily in November

Gasgoo.com (Shanghai December 11) - A total of 2.09 million automobiles were sold in China in the month of November, the China Securities Journal reported today, citing statistics from the China Association of Automobile Manufacturers. The figure represents year-on-year growth of 2.3 percent. A total of 21.43 million automobiles and 21.08 million automobiles have been produced and sold over the first 11 months of the year. The two figures are equivalent to stable year-on-year growth of 7.21 percent and 6.14 percent, respectively.

Passenger automobile sales for the month totaled a respectable 1.77 million units, up 3.89 percent from the previous month and 4.66 percent up from the previous year. Growth remained especially strong in the SUV and minivan segments. Total sales volumes for sedan, minivans, SUVs and crossovers were 1.07 million units, 200,800 units, 414,600 units and 85,600 units, respectively. While sales of sedans and crossovers decreased 4.73 percent and 32.46 percent from last November, sales of minivans and SUVs grew a full 42.88 percent and 37.64 percent, respectively.

Cumulative sales statistics for the January to November time period showed similar trends. Total sales for the sedan, minivan, SUV and crossover segments totaled 11.11 million units, 1.69 million units, 3.58 million units and 1.24 million units, respectively. Year-on-year growth rates for the minivan and SUV segments were 48.7 percent and 34.13 percent.

FAW-VW was the most successful passenger automobile enterprise in November. The JV was followed by Shanghai GM, Shanghai VW, Dongfeng Nissan, Beijing Hyundai and Changan Ford. Own brands accounted for 40.9 percent of all passenger automobile sales during the month, up 7.46 percent from October. Meanwhile, monthly sales of German, Japanese, American, Korean and French branded passenger automobiles accounted for 17.16 percent, 16.25 percent, 12.42 percent, 9.1 percent and 3.72 percent of total November sales.