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China's auto sales up 1.7% in Jan-May

Jun. 11, 2012 (China Knowledge) – China, the world's largest auto market, saw its auto sales reached 8.02 million units in the first five month of this year, reflecting a YoY increased of 1.7%, according to the latest statistics released by China Association of Automobile Manufacturers.

The official statistics show the sales of Chinese-made auto rose 15.97% YoY to 1.61 million units during the five months period.

From January to May 2012, the sales of passenger vehicles hit 6.33 million, up 5.48% than a year earlier, while the sale of commercial vehicles decreased 10.31% YoY to 1.69 million units.

SAIC Motor Corp Ltd<600104> topped China's auto sales during the period, followed by Dongfeng Motor Group Co Ltd<0489> and FAW Car Co Ltd<000800>. China's top ten automakers sold a combined 7.06 million units during the period, accounted for 88.02% of the country's total sales.

In the first five month of this year, China's auto production amounted to 8 million units, up 3.19% YoY, consists of 6.34 million of passenger vehicles and 1.66 million of commercial vehicles.

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