Chinese motor sales and production up by around 17% in Mar MOM
2012-04-12 11:31:48 [Print]
BEIJING (Asian Metal) 12 Apr 12 – According to China Automobile Association, Chinese motor sales and production all saw increases in March year-on-year and month-on-month.
The data showed that Chinese motor production was about 1.88 million in March, up by almost 16.9% compared with that in February and 3.4% year-on-year. Chinese motor sales were 1.84 million in Marcy, up by 17.3% month-on-month and 1% year-on-year.
However, in the first quarter of 2012, Chinese motor production and sales were around 4.78 and 4.79 million, down by 1.8% and 3.4% year-on-year respectively.
Experts think that March is usually the boom season for motors industry, so it is reasonable for the production and sales to see obvious increase month-on-month. However, the production and sales in March 2011 were high-held, so they both saw slight decreases this year. From the point of Chinese motor market in the first quarter, analyst thinks it is more likely for the production and sales to continue to see an increase in 2012.
The data showed that Chinese motor production was about 1.88 million in March, up by almost 16.9% compared with that in February and 3.4% year-on-year. Chinese motor sales were 1.84 million in Marcy, up by 17.3% month-on-month and 1% year-on-year.
However, in the first quarter of 2012, Chinese motor production and sales were around 4.78 and 4.79 million, down by 1.8% and 3.4% year-on-year respectively.
Experts think that March is usually the boom season for motors industry, so it is reasonable for the production and sales to see obvious increase month-on-month. However, the production and sales in March 2011 were high-held, so they both saw slight decreases this year. From the point of Chinese motor market in the first quarter, analyst thinks it is more likely for the production and sales to continue to see an increase in 2012.
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