11.6 China Jan-Sept auto imports see steady growth

China Jan-Sept auto imports see steady growth

http://autonews.gasgoo.com/auto-news/1012842/China-Jan-Sept-auto-imports-see
-steady-growth.html

Shanghai, November 6 (Gasgoo.com) China's auto import market saw steady
growth in the first nine months, according to China Automobile Trading Co.
(CATC), media reported today.

 

>From January to September, imported passenger vehicles obtaining license
plates totaled 246,000 units, up 16.9% from a year earlier. Vehicles
imported through the Customs came to 252,000 units, down 10%, but the
decline had narrowed. Of these, 35,000 and 41,000 units, respectively, were
imported in September, a record month.

 

SUV models, with 29,000 units more imported than a year earlier, retained
its lead in China's auto imports over the first three quarters. The increase
in SUV imports make up 82% of the total increase. SUVs account for 55.1% of
China's auto imports in September, up from 49.5% in January.

 

In the first nine months, imports of low-emission vehicles grew rapidly
while those of high-emissions models dropped considerably, with imports of
3.0L and smaller models up 45.7% year on year, those of over-3.0L models
down 17%, partly as a result of sales tax cuts for smaller cars. 

 

Buoyed by a brighter economic outlook, China's auto import market will
maintain its steady growth next year, said Ding Hongxiang, the general
manager of CATC, a large state-owned trade company in the country.

 

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