China vehicle sales down 18% in July

ROEWE 550 Made in China

BEIJING, August 7,2008 - Recent statistics from the China Passenger Vehicle association have revealed that sales of automobiles are down 18% compared to sales in June. Shanghai GM and FAW VW are the top selling companies in July, Guangzhou Automobile also saw sales rise by 57%, but all the other marques are down.

Big losers in June were Beijing Hyundai (down 50%) and Chery Auto (down 20%) Dongfeng-PSA were also down 50%.

Dongfeng Nissan saw a massive boost to sales with the launch of the new Teana, which hit a high of 8905 orders in the first month of sales.

In the mid size luxury sedan sector, in which the Teana also competes, the Honda Accord took the top sales crown with it selling 17,191 cars. Its nearest rival the Toyota Camry sold just 9,439 cars in July. Previously the Camry nearly always outsold the Accord, but it seems the new Accord is taking back lost ground.

[Source : China Car Times]