AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

imageBEIJING: Auto sales in China, the world's largest car market, fell 0.5 percent year-on-year to 1.99 million vehicles in April, an industry group said Monday.

For the first four months of the year, auto sales increased 2.8 percent on the same period last year to 8.14 million vehicles, according to the China Association of Automobile Manufacturers (CAAM).

The fall in April compared with a rise of 3.3 percent in March, CAAM figures showed.

Slowing economic growth, limits by some cities on vehicle numbers and a prolonged corruption crackdown affecting the luxury segment have all had an impact on sales in China.

"This year is relatively special... because we are under the new normal and the difficulties... were sharply reflected in the auto industry," Yao Jie, a vice secretary general of the CAAM, told reporters at a briefing.

The "new normal" is a term frequently used by government officials to refer to China's slower but hopefully more sustainable growth.

Foreign brands have generally held up well despite China's economic downturn, due to consumer perceptions of better quality.

But they lost passenger car market share in April when, Chinese brands sold 686,400 units, up 14.3 percent year-on-year and accounting for 41.1 percent of the total, with growth mainly driven by SUVs, CAAM data showed.

German, Japanese and US brands respectively held 18.6 percent, 16.5 percent and 10.8 percent of the market while South Korean and French marques had a combined 12.7 percent, according to CAAM.

Japanese auto maker Honda said last week it sold 71,546 units in China in April, up 11.7 percent year-on-year.

Sales by Japanese giant Toyota, the world's biggest vehicle manufacturer, rose by 7.8 percent to more than 92,600 units last month, CAAM said last week, citing the company's figures.

US firm Ford sold 96,889 vehicles in the country in April, almost unchanged on 2014 but pushing year-to-date sales to 393,714 vehicles, an increase of seven percent from the same period last year, it said last week.

General Motors and its joint ventures sold 258,484 vehicles last month in China, down 0.4 percent year-on-year, the company said last week.

China's auto sales reached 23.49 million vehicles last year, jumping 6.9 percent from 2013.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.