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China’s auto sales top the world for sixth consecutive year.doc
China’s auto sales top the world for sixth consecutive year
China’s auto sales top the world for sixth consecutive year
China’s auto sales totaled 23.49 million units in 2014, up 6.9% from 21.98 million a year earlier, securing its first place in the world for six years in a row, according to data released by the China Association of Automobile Manufacturers (CAAM).
New energy vehicle (NEV) sales volume hit 74,763 units during the period, a whopping year-on-year increase of 320%.
According to a director from the CAAM, China’s auto output and sales both showed steady growth in 2014.
To be specific, China produced 23.72 million units in 2014, up 7.3% from a year earlier, with a decrease of 7.5 percentage points in the growth rate compared with 2013. Over the period, the country sold 23.49 million units, up 6.9% on a year-on-year basis, with a drop of 7 percentage points in the growth rate from a year earlier.
According to the CAAM data, passenger cars were the most eye-catching of all kinds of autos in the country last year, with output and sales hitting 19.92 million units and 19.7 million units, respectively, up 10.2% and 9.9% compared with 2013.
Judging from output and sales of different types of passenger cars, SUVs(sport utility vehicles) and MPVs (multipurpose vehicles) were the most- sought types in China in 2014.
Data showed that SUV output and sales in 2014 enjoyed a year-on-year growth rate of 37.7% and 36.4%, respectively, while MPV output and sales grew by 49.4% and 46.8%, respectively, on a year-on-year basis over the period.
The figures dwarfed those of sedan cars, which saw a year-on-year increase of 3.1% in output and sales in 2014. In addition, the output and sales of crosstype passenger cars fell by 20.6% and 18.1% in 2014 respectively, while commercial vehicle output and sales totaled 3.8 million units and 3.79 million units last year, down 5.69% and 6.53% compared with a year earlier, respectively.
The CAAM expect
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