Sale of passenger vehicles in China totals 3.08 million in 1st half

10 July 2007

Beijing, China, 10 July – Sales of passenger vehicles in China reached 3.08 million units between January and June of 2007, representing a year on year rise of 22.3 percent, China’s Association Automotive Manufacturers announced Monday.

In the period, sales of sports utility vehicles (SUVs) rose 39.3 percent, totaling 158,000 units, according to the same figures.

The Shanghai Automotive Industry, a partnership between General Motors and Volkswagen AG, was the largest car manufacturer in China, having sold 800 million units, according to the association.

The growth of China’s automotive industry was 20 percent in 2006, according to industry figures.

China had a total of 38 million cars on the road at the end of 2006, with the market still having room to grow, as there is an average of three cars to every 100 Chinese, against a world average of 12 vehicles per person. (macauhub)