Summary: Own brand sales in Chinese passenger automobile market in the first half of 2013

Gasgoo.com (Shanghai) - Growth rates in the Chinese automobile market have remained high over the first half of 2013, surpassing many analysts' expectations. A total of 7.72 million passenger automobiles were sold in the country from January to June, up 17.2 percent from the first half of 2012. That figure marks a new worldwide record, and makes China the world's largest passenger automobile market, ahead of the US.

Growth over the first half of the year has been attributed to a variety of factors, including growing market demand, recovery of sales by Japanese manufacturers and increasingly strong performances by American, German and Korean manufacturers.

Domestic own brand manufacturers have been performed especially well in the first half of the year, with their passenger automobile sales totaling 2.65 million units. Own brands' combined share in the passenger automobile market reached 34.3 percent, up 1.6 percent from the amount posted a year ago.

Growth rates in the Chinese automobile market have remained high over the first half of 2013, surpassing many analysts' expectations. A total of 7.72 million passenger automobiles were sold in the country from January to June, up 17.2 percent from the first half of 2012. That figure marks a new worldwide record, and makes China the world's largest passenger automobile market, ahead of the US.

Growth over the first half of the year has been attributed to a variety of factors, including growing market demand, recovery of sales by Japanese manufacturers and increasingly strong performances by American, German and Korean manufacturers.

Domestic own brand manufacturers have been performed especially well in the first half of the year, with their passenger automobile sales totaling 2.65 million units. Own brands' combined share in the passenger automobile market reached 34.3 percent, up 1.6 percent from the amount posted a year ago.