| 13-11-2007
China
produced 7.22 million auto vehicles in the first 10 months of 2007, up 22.6 percent
over the same period last year, the China Association of Automobile Manufacturers
announced on last week. The
total included 5.14 million passenger vehicles, up 21.7 percent, and 2.08 million
commercial vehicles, up 24.88 percent. Auto sales also grew rapidly during the
period, sources said. Between
January and October, 7.15 million auto vehicles were sold nationwide, up 24 percent
over the same period a year earlier. The total included 5.08 million passenger
vehicles, up 23.6 percent, and 2.07 million commercial vehicles, up 25.1 percent.
Last month, 713,100 passenger vehicles were produced, down 5.8 percent from September,
but up 21.11 percent over October 2006. In
addition, 692,300 passenger vehicles were sold in October, down 10.41 percent
from September, but up 20.12 percent over the same month last year. Market analysts
said the decrease in auto sales and output in October was due to the National
Day holiday. They predicted sales and output in 2007 would hit 85 million units
respectively. The
association noted that the 10 biggest automakers sold 5.96 million vehicles for
an 83 percent market share.
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