China In April 2013: The Return Of Double Digit Growth

by Bertel Schmitt

May 9th, 2013 9:31 AM

china in april 2013 the return of double digit growth

China’s CAAM released April sales today, and as indicated by GM’s good April showing, results are good. Sales of all automobiles are up 13.38 percent to 1,841,700 in April. Treat other reports with caution, many are the usual confusion of passenger vehicles and all cars. In China, there is a huge difference.

According to the CAAM, 1,441,400 passenger vehicles were sold in April, an increase of 12.96 percent over April 2012. Sales of commercial vehicles rose 14.09 percent to production to 400,800. For the first 4 months, total sales stand at 7,266,200.

Passenger VehiclesChina April 2013China571,200

39.62%Japan231,90016.09%Germany278,60019.33%U.S.A.179,90012.48%Korea131,3009.11%France45,3003.14%

According to the CAAM data, sales by Japanese makers are down 3.8 percent compared to April last year. As the situation is beginning to normalize, sales of Chinese brands are off their former peaks.

#April #BertelSchmitt #China #ChinaInApril2013 #Sales

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2 comments

Michal1980 on May 09, 2013

Sounds like good news. The fact that commercial is also up would point to this being sustainable?

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- Bertel Schmitt on May 09, 2013
  
  Increases in commercial vehicles sales are always a good sign, bodes well for the economy.
  
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