In October 2007, the Chinese passenger car market experienced a monthly decline in both production and sales, yet it still showed strong year-on-year growth. According to data from the China Association of Automobile Manufacturers, total passenger car production reached 26,400 units, while sales amounted to 26,500 units. This marked a drop of 24.35% in production and 23.90% in sales compared to the previous month. However, when looking at the annual comparison, production increased by 16.73%, and sales rose by 24.01%.
Looking at different categories, all major types of passenger cars saw a decrease in production and sales compared to September. The decline was particularly sharp for medium-sized vehicles. Production of large passenger cars fell to 4,153 units, a 28.01% drop from the prior month, but still managed a 18.08% increase year-on-year. Sales of large cars were 3,759 units, down 26.57% from September, but up 18.62% compared to October 2006.
Medium-sized cars faced a more significant drop, with production falling to 4,889 units and sales to 4,629 units—down 36.82% and 36.39% respectively from the previous month. While production dropped 2.86% year-on-year, sales remained relatively stable.
Lightweight passenger cars, on the other hand, saw a monthly decline of 18.85% in production and 19.24% in sales. However, they still recorded strong year-on-year growth, with production rising 23.40% and sales increasing by 33.46%. Overall, the market showed resilience despite the short-term dip, reflecting continued consumer demand and long-term growth trends in the automotive sector.
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