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CHINA
China’s 2012 car sales beat expectations, again
After slow-fast-slow phase China’s car sales train regains momentum in 4th quarter
Published: Tue, 19 Feb 2013 08:16:31 GMT
 

AID China graph 2013 preview
AID Graph 13/19 preview

China’s passenger car sales beat expectations in last year’s final quarter as consumers clearly felt more confident about spending, particularly at prestige car dealerships.

Whilst Europe’s leading luxury car brands have benefited greatly from these trends and have walked off again with an ever larger share of last year’s spoils, for Japan’s carmakers last year ended in tears.

And perhaps the biggest sign of their current predicament, in a year that saw near double-digit car sales growth, Chinese sales from Japanese carmakers fell 7.7 per cent during the year after plummeting more than a quarter in December.

China’s consumers were clearly not flocking to car dealer showrooms the way they did as recently as 2009 and 2010, but last year’s good news was that they were still shopping.

A renewed notable flare up in demand during last year’s fourth quarter, up 13.6 per cent, helped further by a strong 14.9 per cent sales leap during December itself, helped lift last year’s Chinese passenger car sales 8.7 per cent to 12.5 million units.

Better still, including built-up imports last year’s sales rose by an even faster 9.3 per cent to 13.5 million cars, according to
AID compiled data for last year...more

DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

CHINA new CAR sales by manufacturer and marque:
CHINA new car sales by manufacturer and marque DEC 2012 v DEC 2011
CHINA new car sales by manufacturer and marque FULL YEAR '12 v FULL YEAR '11

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