China In September 2012: Down, And The Japanese Are To Blame

Vehicle sales in China were down 1.75 percent compared to the same month last year, says the China Association of Automobile Manufacturers (CAAM).  An official of the CAAM blamed it on the Japanese. Vehicle sales in were down in September mostly due to a slump in sales of Japanese cars amid a heated diplomatic row between the two countries," Chen Shihua, director of the information department of the association told Reuters in Beijing. Of course, there also are a slowing economy and rising fuel costs, but the downward pressure comes from the island spat, Chen said. In September, 1,617,400 units changed hands in China, down 1.75 percent year-on-year. 1,315,600  passenger vehicles were sold, down 0.30 percent. Sales of commercial vehicles were down 7.59 percent. January-September, sales of all vehicles are up 3.37 percent to 14,131,200. Passenger car sales stand at 11,269,600 units, up 6.94 percent. Commercial vehicle sales reached 2,822,700, down 8.82 percent for the first nine months of the year. All in all, passenger vehicles are alive and well, commercial vehicles continue to be a source of concern. More than half of GM's China business is in cheap delivery vans. While GM, up only 1.7 percent in September, could not profit from the communal misery of the Japanese brands, and watched the Germans run away with the loot, Ford's sales for the month of September rose 35 percent to 59,570 vehicles, says Bloomberg. from The Truth About Cars http://www.thetruthaboutcars.com

Put the internet to work for you. via Personal Recipe 680102