2011 New Car Sales Around The World: China Crawls
After rocketing up by 32 percent in the year before, the Chinese car market took a break last year. China’s automobile sales eked out a small gain of 2.45 percent to 18.50 million units last year. As the China Association of Automobile Manufacturers (CAAM) said in a press conference this afternoon, this was the slowest growth in 13 years.
Still, China is and remains the world’s largest car market and car producing country.
14.47 million passenger cars were sold in China last year, up 5.19 percent. Sales of commercial vehicles are down by 6.31 percent year-on-year, production is down 9.94 percent.
The only segments that are up are SUVs, up 20.19 percent MPV, up 11.74 percent.
Throughout the year, we had been watching the normally boring commercial segment with growing concern. Normally, declining sales of commercial vehicles are seen as an indicator of a deteriorating economy. Commercial vehicles are a 4 million market in China
Wow, China grew less than Brazil. Our market grew 3.something. And from what I hear this year started even slower. Seems Germany is back on top of Brazil as the world's 4th largest market. End of BRIC prowess?
I wonder how many plans this will change for several automakers who have been counting on growth in China to makeup for stalling sales in their home countries. Bertel, would you be kind enough to post sales and market share info for each manufacturer, that is if you have it. I am curious to see what brands are performing and how they have performed compared to last year.
Wow, lots of unsold Fordsmin that lot... Changchun?