China 2006 auto sales up 25.13 pct at 7.22 mln vehicles - state media |
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Thu, 11 Jan 2007 11:37
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SHANGHAI (XFN-ASIA) - A total of 7.22 mln vehicles were sold last year, up 25.13 pct from 2005, the official Xinhua news agency reported.Automakers last year produced a total of 7.28 mln vehicles, up 27.32 pct from 2005, the agency said, citing the quasi-official China Association of Automobile Manufacturers.Sales of passenger cars rose 30.03 pct to 5.18 mln while production of the cars surged 32.76 pct to 5.23 mln.Sales of commercial vehicles rose 14.23 pct to 2.04 mln with output up 15.25 pct at 2.05 million.The top 10 automakers produced about 83.9 pct of all auto sales.Among them, Shanghai Automotive Industry Corp (SAIC), First Automobile Works (FAW) and Dong Feng Motor Corp (DFMC) sold 1.22 mln, 1.17 mln and 932,300 vehicles respectively as the three top retail sellers.Nearly all the vehicles these companies sell are made under their foreign venture partners' name, such as Volkswagen, Ford or General Motors.Chery Automobile the largest privately owned Chinese auto group, which has said is keen to sell its cars in the United States, ranked seventh with sales of 302,500 vehicles.Geely Group, another privately-owned company that develops its own models, sold 204,400 vehicles in 2006, making it the 10th largest automaker in China.afp
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