Current Conditions

Light Rainshower
8.8°C

China's auto sales rise 4.1 per cent in August

September 11, 2017 - 5:19 AM

BEIJING - China's auto sales rose 4.1 per cent in August from the same month a year earlier, driven by strong demand for SUVs, an industry group reported Monday.

Drivers in the world's biggest market by number of vehicles sold purchased almost 1.9 million SUVs, sedans and minivans, according to the China Association of Automobile Manufacturers. Total vehicle sales, including trucks and buses, rose 5.3 per cent to almost 2.2 million.

SUV sales rose 17.7 per cent to 774,000 while sedan sales edged up 1.6 per cent to 933,000.

Auto sales for the first eight months of the year rose 2.2 per cent from a year earlier to 14.8 million, down sharply from 2016's full-year growth of 15 per cent.

Sales growth this year has been relatively weak in comparison with a spike in demand last year as buyers moved up purchases to take advantage of a temporary sales tax cut. Demand cooled after a portion of the tax was restored in January.

August sales of gasoline-electric SUVs and sedans rose 95.5 per cent over a year earlier to 56,000 while purchases of pure-electric cars rose 21.6 per cent to 1,200.

— General Motors Co. said sales of GM-brand vehicles by the company and its Chinese partners rose 12 per cent in August from a year earlier to 328,425.

— Ford Motor Co. sales declined 1 per cent in August from a year earlier to 98,000, while year-to-date sales were off 6 per cent at 720,000. The company said sales by its Lincoln luxury brand rose 105 per cent to 5,200.

— Nissan Motor Co. sales rose 17.8 per cent to 122,319. Year-to-date sales were up 9 per cent at 877,638.

— Toyota Motor Co. sales rose 11.3 per cent to 108,500 units. Sales for the first eight months of the year increased 10.7 per cent to 841,500.

— Geely Auto Group, one of China's biggest independent brands, said sales rose 80 per cent from a year earlier to 96,505 sedans and SUVs. It said sales to date were up 88 per cent at 718,236.

News from © The Associated Press, 2017
The Associated Press

  • Popular penticton News
  • Comments
View Site in: Desktop | Mobile