GlobalAutoTV
Click to watch Daniel P. Malone -
Click to watch Daniel P. Malone -
asia resources


Need an office in Asia? Office suites, meeting rooms, virtual offices, network access



free downloads
ASIA: "India Automotive Monthly: Executive Summary (August 2011)"

ASIA: "India Automotive Monthly: Executive Summary (August 2011)". 8-page Executive Summary by J.D. Power Asia Pacific Forecasting.

proceed to download
eJournals




back to index backASIAtalk February,  2017


China's new-vehicle sales decelerate in January

Lunar New Year holiday, tax increase dampen demand.

China's growth in new-vehicle sales shrank in January to a paltry 0.2% on the year, an industry group said Monday.

Total sales, including trucks and other commercial vehicles, totaled 2,519,500 units on a shipment basis, according to the China Association of Automobile Manufacturers. Sales of passenger cars declined 1.1% to 2,218,200, contrasting with 11.3% growth for commercial vehicles to 301,300.

Automakers blamed the slowdown on the timing of the Lunar New Year holiday, which began in January this year, as well as a sales-tax increase. China's government last year halved a 10% sales tax on compact cars, but the rate was raised to 7.5% in January. Anticipating a sales drop following the tax increase, manufacturers bolstered marketing campaigns through December. January saw a fall off from this.

Top sellers nosedived in January, raising concerns over the outlook in China. Ford Motor of the U.S. suffered the most, with sales plummeting 32.4% to 88,432, followed by General Motors with a 23.7% plunge to 321,264. Last year's No. 3, Hyundai Motor, of South Korea fell 11.6% to 110,097.

Volkswagen of Germany, which last year sold more cars than anyone else in China, was an exception as January sales topped year-ago levels. Sales at SAIC Volkswagen Automotive rose 2.6% to 213,717 while FAW-Volkswagen Automotive recorded an 8.5% increase to 198,079.

Among Japanese automakers, only Honda Motor stayed in positive territory, posting a 5.3% increase to 113,044. Nissan Motor, Japan's top-selling automaker in China, suffered a year-on-year drop for the first time in 11 months, as sales fell 6.2% to 119,411.

Toyota Motor's sales declined 18.7% to 101,800, and Mazda Motor posted a 3.7% drop to 24,994.

Source: Nikkei Asian Review - GAI





previous page

go top



search our site


Loading

ASIAtalk

Other articles from the same issue (February,  2017).

Emerging markets key to China's intl automotive growth
play read on

Japan makes big push for hydrogen fuel cells scorned by Elon Musk as impractical
play read on

Budget 2017: Top 5 expectations of Indian automobile industry
play read on

Trump’s stoush with Japan over autos
play read on

The Proton Saga: why would Malaysia sell its ‘symbol of dignity’ to China?
play read on

Vietnam: Auto parts makers steer toward Poipet
play read on

South Korea’s Automotive Semiconductor Industries Non-Responsive towards International Standardization Process
play read on

China's new-vehicle sales decelerate in January
play read on

ASEAN Supply Chains: Building collectively
play read on

Negotiating In China: 6 Cultural Business Tips For Success
play read on

Asia Employment Law Forecast 2017
play read on

India: Union Budget 2017-18 Publication
play read on

Why 110 Japanese firms went bankrupt in China last year
play read on

India: Focus needs to shift to manufacturing: Nirmala Sitharaman
play read on

Budget 2017 must boost ease of doing business in India
play read on

China January exports rise signalling revival of global demand
play read on

Japan’s December core machinery orders up 6.7%
play read on

Asia Pacific Competition Quarterly Newsletter
play read on

Korea Argues KORUS Trade Deal Is Misunderstood, Not ‘Job Killer’
play read on

Does Trump’s TPP exit dash hopes for growth in Asia?
play read on

India manufacturing activity resumes expansion
play read on

PMI Summary: Emerging Asia manufacturing conditions improve
play read on

Sourcing Talent in ASEAN: A Guide to Regional Opportunities
play read on

India: January sees 3-fold growth in M&A deals: report
play read on

Amendments to the Thai Labour Protection Act Regarding Child Labour Violations
play read on

China: Final countdown on for new FTZs
play read on

Autos: China Underlying Demand Strong in January (2017)
play read on

Asean's golden opportunity
play read on

Moves to make business easier in Thailand
play read on

Cyberattacks targeting Japan networks hit a record 128.1 billion in 2016
play read on

Caterpillar Japan: A Major Success Story
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120