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Profile of China's auto industry in July

Tuesday, August 31, 2010 5:00 AM

Aug. 31, 2010 (Xinhua News Agency) -- Profile of China's auto industry in July

BEIJING, Aug.31 (Xinhua) - Following is a profile of China's automotive industry in July 2010:

-- Overview

China's auto industry in July saw moderate month-on-month decline both in output and sales, according to data released by the China Association of Automobile Manufacturers (CAAM).

July auto sales fell 11.90 percent month on month to 1.244 million units, but up 14.42 percent year on year. Output in the month went down 7.54 percent month on month but up 15.67 percent year on year to 1.2858 million units.

In the first seven months, auto sales leapt 42.65 percent year on year to 10.2602 million units, while output soared 43.64 percent to 10.2131 million, but the growth rates of auto sales and output were 5.20 and 5.02 percentage points lower than that of the same period of last year, respectively.

The following table shows China's July auto sales in detail, based on the CAAM data:

Table 1: China's auto sales in July and in Jan-July 2010 (In unit) July sales (unit) Change m-o-m (pct) Change y-o-y (pct) Jan-July sales (unit) Change y-o-y (pct) Passenger vehicle 946,200 -9.27 13.55 7,667,000 42.82 Commercial vehicle 297,800 -19.33 17.24 2,593,200 42.12 Total 1,244,000 -11.90 14.42 10,260,200 42.65 (Source: CAAM)

Here is another table showing China's July auto output in detail, based on the CAAM data:

Table 2: China's auto output in July and in Jan-July 2010 (In unit) July output (unit) Change m-o-m (pct) Change y-o-y (pct) Jan-July output (unit) Change y-o-y (pct) Passenger vehicle 990,900 -5.21 16.42 7,674,600 45.57 Commercial vehicle 294,900 -14.59 13.23 2,538,500 38.12 Total 1,285,800 -7.54 15.67 10,213,100 43.64 (Source: CAAM)

The following chart shows China's auto output and sales from January to July (In unit):

Here is another chart showing China's auto sales since 2009 (in units):

Previously, on August 2, the China Automobile Technology and Research Center (CATRC) reported its statistics on China's auto output and sales for July and the Jan-July period of 2010.

According to CATRC data, China's auto output surged 39.42 percent on year to 9.7103 million units in January-July of 2010, including 1.238 million units produced in July, up 12.88 percent on year but down 4.34 percent on month.

Meanwhile, China's auto sales increased 17.18 percent on year to 1.0562 million units in July, which brought total sales to 8.2414 million units in January-July, up 28.58 percent on year.

China has two different versions of auto output and sales statistics, one from the China Association of Automobile Manufacturers (CAAM) and the other from the CATRC, as the two organizations have different data sources. The CAAM's data cover wholesale figures reported by automakers. Authorized by the National Bureau of Statistics, the CAAM releases auto figures around the 10th of each month. The CATRC data come from the number of vehicle registrations, based on the Vehicle Identification Number (VIN) and work certificates. The figures exclude exported automobiles or other autos that need not to go through registration in China. The CATRC releases its auto data on the first working day of every month.

Furthermore, the value of the gross output of China's auto industry surged 49 percent year on year to 2.086 trillion yuan (308 billion U.S. dollars) in the first half of the year, according to the Ministry of Industry and Information Technology (MIIT).

At the same time, H1 total export and import volume jumped 84 percent year on year to 50.66 billion U.S.


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