Jan. 30, 2012 (China Knowledge) - China's motorbike output for 2011 increased by 1.21% year on year to over 27 million units, while motorbike sales totaled 26.93 million units, up 1.32% from two years ago, according to China Association of Automobile Manufacturers or CAAM.
Last year, China exported 27.67% more with sales volume of 10.75 million motorbikes in the overseas market, which accounted for 39.9% of the total motorbike sales in the country, 8.24 percentage points higher than in 2010. The growth was principally due to sluggish domestic market, said an analyst.
Export value of motorbikes totaled US$5.11 billion in 2011, reflecting a year-on-year increase of 35.24%.
China saw 104 motorbike makers generate a total of RMB 117.84 billion in operating revenue in the first 11 months of last year, up 8.77% from two years ago, but these companies' gross profits declined 18.87% year on year to RMB 2.67 billion.
In the reporting period, only three of the top 10 Chinese motorbike firms saw profit increases. They are Lifan Group, one of China's largest motorcycle makers, Guangzhou
Dayun Motorcycle Co Ltd and Chongqing
Yinxiang Motorcycle (Group) Co Ltd.