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CHINA - China cools but doesn’t chill
Pick up in mainly top-end 2nd quarter car demand lessens chance of feared hard landing for China’s otherwise limp car sales balloon
Published: Thu, 02 Aug 2012 17:41:18 GMT


China peak traffic bus

MOST leading western carmakers in China began the second half of this year with a great deal more optimism, as a notably brighter looking set of car sales data from China’s second quarter dismissed earlier fears of a sharp slowing in Chinese domestic new car demand.

A markedly cooler than earlier expected start to this year, with first quarter sales growing by just 3.2 per cent, gave way to an altogether sunnier second quarter when China’s cheque-ready shoppers headed back into previously sparsely populated car showrooms, boosting second quarter sales by 11.5 per cent.

This gave rise to now widely shared industry predictions that this year’s second half will be markedly better than earlier feared
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DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

CHINA EUROPEAN new CAR sales by manufacturer and marque:
CHINA new car sales by manufacturer and marque JUNE 2012 v JUNE 2011
CHINA new car sales by manufacturer and marque 6-Mths '12 v 6-Mths '11

 

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