April’s car sales continue momentum
May 30, 2013 Category Automotive, Automotive Metals & Minerals
China’s auto sales in April continued to grow at a double-digit as new launches fueled demand. Deliveries of passenger cars and commercial vehicles increased 13.4% from a year earlier to 1.84 million units in April as sales almost kept the same pace of growth registered in the January-March period, the China Association of Automotive Manufacturers (CAAM) reported. The deliveries included 1.44 million sedans, sport-utility vehicles (SUVs) and multipurpose vehicles (MPVs) in April, up 13% year-on-year. The China Passenger Car Association (CPCA) said the country’s passenger car sales grew 15% in April due to several new rollouts that coincided with the Auto Shanghai 2013 show taking place. “Without intervention from the government, sales of passenger cars (in China) may add 2 million units this year,” Rao Da, Secretary General of the CPCA said, implying that the segment will return to double-digit growth. The sales of domestic passenger car brands in the past four months increased 16.3% from the same period a year earlier, 0.1 percentage point higher than the segment’s average rate, giving them a 42.4% market share. German, U.S., South Korean and French automakers all saw sales surge above 20% while Japanese carmakers suffered a 12.9% drop, the Shanghai Daily reports. Toyota sales fell 6.5% to 76,400 units – its ninth drop in 10 months – while Nissan deliveries fell 8.5%. Honda’s eased 2.4% year-on-year. Mazda suffered the most, with sales falling 15%. Nissan’s retail sales – sales to end-users rather than dealers – rose 18.8%, giving it some cause for cheer. Andrew Thomson, Partner at KPMG China, predicted an annual 10% rise in passenger vehicle sales in 2013, with SUV sales likely to grow at “around double that rate and the luxury segment also growing ahead of the overall market”. Vehicle sales by General Motors increased 15.3% on an annual basis to an April record of 261,870 units. Its strong performance took the company’s sales for the first four months of 2013 to a record 1,078,243 vehicles, an increase of 10.9% on an annual basis, the first time it had surpassed 1 million units in the first four months of the year. Ford Motor Co also reported a robust 37% growth in April sales, with deliveries of 75,331 vehicles. Its total sales of 261,927 in the first four months represented a 49% sales surge from a year earlier.
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