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China's auto exports soar 49.5% in 2011

Jan. 25, 2012 (China Knowledge) - China exported 814,300 autos in 2011, reflecting a year-on-year increase of 269,400 units or 49.5%, according to the country's Ministry of Industry and Information Technology.

Of the total exports, passenger vehicle exports amounted to 476,100 units last year, up 68.3% from two years ago, while commercial vehicle exports increased by 29.1% year on year to 338,200 units.

China's auto imports surged 28.15% year on year to 932,400 units in the first 11 months of 2011. During the same period, the country's auto import and export value grew by 33% from two years ago to a combined US$129.75 billion, including US$67.29 billion in import value, up 32.5% year on year. Export value increased by 33.6% from two years ago to US$62.46 billion.

In the domestic market, China's auto sales totaled 18.51 million units in 2011, 2.45% more than in 2010, mainly boosted by strong passenger vehicle market.

Sedan sales increased by 6.6% year on year to 10.12 million units in China last year, while MPV sales stood at 498,000 units, up 11.7% from two years ago. Sales of SUVs amounted to 1.59 million units, 20.2% more than in 2010.

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