China's auto production and sales volume hit new highs


In 2007, China’s auto production and sales exceeded and approached 8.8 million vehicles, and this year it is expected to exceed 10 million vehicles.

According to the latest statistics released by the China Association of Automobile Manufacturers (hereinafter referred to as the China Automobile Association) on January 13, 2008, China’s automobile production and sales exceeded and approached 8.8 million units respectively in 2007. new highs. China Automobile Association predicts that in 2008 China's auto production is expected to exceed 10 million.

Statistics show that in 2007 China's auto production was 8.882 million, an increase of 22.02% year-on-year, a net increase of 1.602 million over the previous year; car sales were 879.15 million, an increase of 21.84% over the previous year. The annual net increase was 1,570,600.

Among them, SAIC, FAW and Dongfeng three major automobile groups all exceeded one million vehicles in 2007, which together accounted for nearly half of the nation’s auto sales, and continue to be the main force driving the development of the Chinese auto industry. This shows from one aspect that the industrial concentration of the Chinese auto industry is improving.

Statistics show that the top ten automotive companies in China in 2007 were: SAIC, FAW, Dongfeng, Chang'an, BAIC, GAC, Chery, Brilliance, Hafei and Geely. Compared with the same period of last year, sales of Hafei decreased slightly, while other companies continued to maintain steady growth, of which Guangzhou Automobile and Brilliance had the most significant increase. In 2007, these ten companies sold a total of 7.3365 million vehicles, accounting for 83% of the total sales of domestic cars.

China Automobile Association predicts that China's auto production in 2008 is expected to exceed 10 million vehicles, including 7.3 million passenger vehicles and 2.70 million commercial vehicles. Among the variety of passenger cars, the production of cars is expected to reach 5.5 million.

At present, China's auto production and sales are second only to the United States and Japan, ranking third in the world. â– 
View related topics: increase millions every year, analyze the production and sales of automobiles (commercial vehicles)


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