Statistics

    SAIC Feb auto sales up 45%

    (Agencies)
    Updated: 2010-03-09 13:37
    Large Medium Small

    SAIC Motors, China's largest carmaker, said its vehicle sales rose 45 percent in February as Beijing's policy incentives continued to drive buyers into showrooms in the world's largest auto market.

    Chinese automakers' vehicle sales in the first two months of the year are skewed by the timing of the Lunar New Year, which came in January last year but in February this year, making the single-month figures volatile. SAIC's February growth was only half that of January.

    "Slower growth in February was because of the week-long Chinese Lunar New year holiday," said Zhang Xin, an analyst with Guotai Junan Securities in Beijing.

    "Most people usually buy cars well before the holiday, which explains the explosive growth in January. The decline of the overall Chinese auto market in January 2009 also inflated January's growth figure."

    China has been a major bright spot amid a global industry downturn as government's policy incentives, including cuts on sales tax for small cars, bolster automobile demand.

    SAIC, a China partner of General Motors and Volkswagen, said it sold 248,000 vehicles in February, compared with 307,384 in January, when sales were up 90 percent from a year earlier.

    Related readings:
    SAIC Feb auto sales up 45% January sales robust after record-setting year in 2009
    SAIC Feb auto sales up 45% SAIC posts soaring sales in Jan
    SAIC Feb auto sales up 45% GM sales in China soar 97% in January
    SAIC Feb auto sales up 45% SAIC expects rosy FY profit figures

    SAIC's venture with Volkswagen sold 60,000 vehicles in February, and its venture with GM 59,000 vehicles, it said in a brief statement carried in state newspapers.

    The country's No 2 automaker, Dongfeng Motor Group Co, reported a similar pattern of strong but slowing sales growth.

    Donfeng, a partner of Honda Motor Co and Nissan Motor, sold 119,082 vehicles in Feburary, up 50 percent year-on-year, but down from 129 percent growth in January, company data showed.

    For January and February combined, SAIC's sales were up 67 percent, outpacing Honda, where two month sales rose 47.3 percent.

    The company's president, Chen Hong, told Reuters on Sunday that he expected sales growth this year to come in at over 10 percent, sharply lower than the 57 percent growth in 2009, as the overall market moderates from booming growth last year that was supported largely by government incentives.

    The company expects to sell at least 3 million vehicles this year, Chen said, adding that the company expects to roll out at least four of its own-brand models during the year, including an SUV and two MG models.

    Official figures for nationwide February car sales are due to be released on Tuesday. Growth is expected to moderate from January's 116 percent annual rise, which came as a result of the pre-holiday rush to buy cars.

    乱人伦中文无码视频在线观看| 亚洲乱亚洲乱少妇无码| 无码人妻丰满熟妇区BBBBXXXX | 精品国产a∨无码一区二区三区| 波多野结AV衣东京热无码专区| 亚洲伊人久久综合中文成人网| 国产aⅴ激情无码久久| 久久无码人妻一区二区三区 | 无码国产亚洲日韩国精品视频一区二区三区 | 精品国产毛片一区二区无码| 亚洲AV无码一区二三区| 亚洲AV无码一区东京热久久| 国产成人A人亚洲精品无码| 精品久久久无码21p发布| 美丽姑娘免费观看在线观看中文版 | 中文字幕丰满乱孑伦无码专区| 亚洲AV中文无码乱人伦在线视色| 无码精品人妻一区二区三区免费看 | 亚洲AV中文无码乱人伦下载 | 亚洲人成人无码网www国产| 日韩欧精品无码视频无删节| 精品多人p群无码| 精品久久久久久久久久中文字幕| 中文字幕无码免费久久| 日韩久久无码免费毛片软件| 久久久久亚洲AV无码永不| 中文无码伦av中文字幕| 精品无码专区亚洲| 久久久久久人妻无码| 水蜜桃av无码一区二区| 亚洲成AV人片在线观看无码 | 人妻少妇久久中文字幕一区二区 | 亚欧无码精品无码有性视频| 精品人无码一区二区三区| 久久国产精品无码一区二区三区| 亚洲AV无码AV男人的天堂| 无码少妇一区二区性色AV| 无码孕妇孕交在线观看| 人妻无码一区二区不卡无码av| 国产白丝无码免费视频| 久久久久亚洲AV无码去区首|