Chinese Car Sales Recover
The world’s largest car market, China, has recovered a bit in November. Automobile sales were up 8.16 percent year-on-year to 1.79 million vehicles, production stood at 1.76 million units, up 3.92 percent, data released by the China Association of Automobile Manufacturers (CAAM) shows.
Sales of passenger vehicles were 1.46 million units, up 8.75 percent year-on-year. Commercial vehicles , up 5.59 percent to 329,700 units, show signs of life. Sales of commercial vehicles, seen as a leading indicator for the economy, have mostly been weak throughout the year. A rebounding commercial market is especially important for GM. More than half of its sales in China consist of low cost Wuling delivery vans. However, Wuling’s sales were down 0.5 percent in November.
January through November, car sales in China are up a meek 4.03% to 17,493,200 units.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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