Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

China cements top auto market position

E-mail Print PDF

car5 April 9, 2010 (Chinavestor) The China Association of Automobile Manufacturers released the latest production and sales figures on its website. Passenger car sales rose to 1.2 million in March 2010, representing an increase of +63% from March 2008. Total automobile production in March 2010 hit a record 1,734,400 units, representing a growth of +43.79%. Passenger cap production grew to 1,299 million units, up 72.2% from 2008 March. Commercial vehicle production reached  434 900 units, up 25.99% YoY.

March has been a traditionally strong month for car sales, current growth trend is likely to tame going forward.

SAIC Motor (SHA:600104), the largest Chinese auto maker, sold 890,000 cars in the first three months of 2010. The company reported a strong rebound of net profits from last year as the following chart testifies.

SAIC_2009Q4_revearnings

General Motors, the largest U.S. car manufacturer, sold 230.048 units in China in March, more than in the U.S. Hyunday, the fastest growing foreign manufacturer, sold 61,638 cars in March. Toyota, the world's largest car manufacturer, sold 61,200 cars in March.

From January to March, total vehicle sales were 4,554 million while production reached  4,611 million, up +76.99 percent and +71.78 percent, respectively. Passenger car sales were 3,462,300 units and production was 3,523,900 units, representing an increase of +84.34% and +76.34%, respectively. Commercial vehicle sales were 1,092 million with production of 1,087 million, up by +57.14% and +58.50%, respectively.

 



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!