The municipality of Beijing, China is going to be implementing traffic congestion fees on vehicles by 2017 to address increased air pollution. The plans were revealed as the city government published a five-year plan to deal with that pollution. Parking fees would also be increased and the areas where only locally registered cars and trucks are permitted to be used will be expanded. At the end of last year, Beijing had more than 5.2 million registered vehicles and city officials would like to keep that number below 6 million by 2017. Three other cities in China besides Beijing restrict new car and light truck sales, Shanghai, Gungzhou and Guiyang.
Tag: China Sales
July sales reports are in from China and GM and its JV partners did well while Toyota, Honda and Mazda were down. GM and its Chinese partners sold 221,580 vehicles last month, up 11% from last July, based on strong Buick sales, which were up 26% to 66,208. The two marques GM is trying to turn into global brands, Cadillac and Chevrolet, had mixed results with Cadillac up 83% to 3,688 vehicles and Chevy down slightly, 3%, at 43,343 units.
GM’s microvan enterprise, SAIC-GM-Wuling Automobile Co., a joint venture with SAIC and the Liuzhou government in Southwest China, sold 98,380 Wuling-brand microvans in China, up 5 percent from 2012 and that venture’s Baojun compact sedans were up 300%, selling 6,302 units of that recently launched brand.
According the the China Automobile Dealers Association, despite efforts by car makers to reduce inventories, Chinese domestic brand dealers still had 49 days worth of supply in June, a figure that would be considered decent in North America, where two months is the norm. But it’s a matter of concern in China, where normal dealer inventories are 24 to 36 days. That figure is an improvement over the 61 days of supply at the end of May. (Read More…)