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China's auto sales down for 2nd consecutive month

(Xinhua)
Updated: 2008-06-13 10:57

China's motor vehicle sector realized a production against sales ratio of 97.82 percent in May. Both output and sales, however, declined month-on-month for the second consecutive month, the China Association of Automobile Manufacturers said on June 12.

China produced 854,100 motor vehicles in May, down 12.96 percent from April but up 20.2 percent over the same month of last year. It sold 835,500 vehicles, down 9.44 percent month-on-month but up 17.04 percent year-on-year.

The total output included 591,400 passenger vehicles, down 10.2 percent from the previous month but up 20.03 percent over a year earlier. The output of commercial vehicles was 262,700 units, down 18.61 percent month-on-month but up 20.58 percent year-on-year.

The monthly sales included 564,600 passenger vehicles, down 6.66 percent from a month ago but up 15.59 percent over a year earlier. Monthly sales of commercial vehicles was 270,900, down 14.74 percent month-on-month but up 20.18 percent year-on-year.

May saw 434,700 cars produced and 415,200 cars sold nationwide, down 11.49 percent and 6.6 percent, respectively, from April.