Production and Sale Data of CVs in Nov. 2012

www.chinatrucks.com: According to statistics published by China Association of Automobile Manufacturers (CAAM) on 10 this month, from January to November this year, 17.4829 million units of vehicles were produced and 17.4932 million units of vehicles were sold in China, up 4.5 percent and 4.0 percent respectively year on year, with both production and sales in the whole year expected to exceed 19 million units.

"Production and sales of automobiles in November mark the second highest level since the beginning of the year. This indicates that overall production and sales of the automobile industry in November have been stable", said Dong Yang, standing vice chairperson and secretary general of CAAM.

Of that, production and sales of commercial vehicles continue to go back up. In November, commercial vehicles achieved production and sales of 329,400 units and 329,700 units respectively, both increasing by 7.4 percent month on month and by 2.7 percent and 5.6 percent respectively over the same period of last year.

"In November, demand in the commercial vehicle market continued to go back up, and both production and sales have grown to various extents compared with the same period of last year, with aggregated production and sales growth rate continuing to narrow down", said Yao Jie, vice secretary general of CAAM, who believes that the main reason for that is that the growth stabilizing policy adopted by the government since September is taking effect, helping to propel commercial vehicles out of recession.

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