The growth of passenger cars higher than the overall growth on yearly basis
2016/06/29

In May, the production and sales of passenger cars reached 1,772,000 and 1,793,000 units respectively, down 3.7% in production but up 0.5% in sales than that of last month, and up 5.5% and 11.3% year on year, keeping growth on yearly basis, 0.5 percentage points and 1.5 percentage points higher than the overall growth of automobiles.
        For the first five months, the production and sales of passenger cars were 9,327,000 and 9,258,000 units respectively, up 6.6% and 7.8% year on year. Comparing with the first four months, the growth of production kept in line, while the sales was higher. As for the passenger cars by type, comparing with the same period of last year, SUV continued a high-speed growth, of which the production and sales were up 44.3% and 45%. MPV also enjoyed a growth, with an increase of 9.4% and 15.6% in production and sales respectively. As for cars, the production and sales witnessed decline, down 6.5% and 6.1% respectively. Moreover, the situation of crossed passenger cars was even worse, of which such figures decreased by 34% and 31.6%.
        In May, the sales of passenger cars with engine capacity of 1.6L and below reached 1,283,000 units, up 18.8% year on year, 7.5 percentage points higher than the overall growth of the passenger cars. The sales accounted for 71.6% of the total sales of passenger cars.