Chinese auto sales estimated to increase to 20.5 million units in 2012
SAIC plans sales of 4.2 million, Dongfeng 3.3 million, and FAW 3.0 million
According to MarkLines' estimate, the 2012 Chinese auto sales are expected to grow to 20.5 million units scale. The total 2012 sales plans by 15 Chinese OEM groups exceed 17.4 million units, up by 10.97% over the previous year (the 2011 record was 15.68 million units).
CAAM (China Association of Automobile Manufacturers) unveiled the 2012 automobile sales volume forecast in January 2012. According to the forecast, CAAM expects Chinese sales volume to increase by about 8% (1.5 million units) over the previous year from 18.50 million units to 20 million units including exports, but excluding imports. It also expects passenger car sales volume to reach 15.87 million units, up by 9.7% over the previous year. There are 27 passenger car OEMs which revealed their 2012 sales plans. Their planned sales volume is increased by 14.53% over the previous year to 12.30 million units (the previous year's record was more than 10.75 million units).
12 foreign OEMs unveiled their sales plans for passenger cars and others as of the end of February 2012. They plan a sales volume of 10.855 million units in 2012, up by 10.95% from the previous year's record of 9.784 million units.
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Sales volume by type of vehicle in China (including exports)
|NOTE 1.||Type of vehicle is based on the new classification introduced in 2005. Commercial vehicle and vehicle total include chassis and semi-trailers. This also applies to the following tables.|
|2.||The data released by CAAM in January 2012 constitute a base for the predicted value of 20 million vehicles (15.87 million passenger cars and 4.13 million commercial vehicles).|