Car sales up almost 50% in first half

Automotive

10 July 2006


Car sales in China jumped 46.9% year-on-year during the first half of 2006, China Association of Automobile Manufacturers figures show. China's top 10 auto manufacturers in terms of sales moved 1.272 million units, 70.5% of the total 1.804 million sold across the country. Shanghai GM cemented its status as China's top automaker with sales of 453,832. Car sales grew 21.4% last year, but only 15% in 2004 after Beijing took steps to rein in credit. Shanghai Volkswagen remained in second spot, followed by Chery, Beijing Hyundai, FAW Toyota, Tianjin-FAW Xiali, Geely, Guangzhou Honda and Dongfeng Peugeot Citroen.


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