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China sees slowdown in Q1 auto imports

May. 4, 2012 (China Knowledge) - China, the world's largest auto market, experienced a slower growth of 21.7% in auto imports in the first quarter, which reached 284,000 units in the period, sources reported.

The growth rate was lower than the average year-on-year growth rate of more than 30% over the past decade, according to figures from the China Association of Automobile Manufacturers.

Industry analysts said that the slowdown was due in part to slowed imported SUV segment and expected that China's auto imports would grow 20% this year.

In 2011, the sales of imported vehicles in China increased to 1.04 million units, of which 1.01 million units were passenger vehicles, reflecting a growth of nearly 30% year on year.

The imports of SUVs jumped 35% year on year to 539,000 units last year, accounting for 53.3% of the total auto imports.






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