| NINGBO YINZHOU CHAOJIE AUTO PARTS CO.,LTD. |
| Add:Chenhuang Village,Yunlong Town,Yinzhou District,Ningbo,China |
| Contact:John Ma |
| Tel:+86 574 2880 9915 |
| Fax:+86 574 2880 9918 |
| http://www.chaojie.net |
| Email:johnma@vip.163.com |
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Rising sales, but dealers feel crunch |
Release date£º[2012/7/4] Sharing[1023] |
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Price wars, credit costs squeezing retail profits
The market moved forward in May as light vehicle sales rose 18 percent over a year earlier to 1.6 million units.
Passenger vehicle sales surged 22 percent to 1.2 million units and light commercial vehicles finally recorded growth, up 9 percent, after remaining sluggish for more than a year.
The seasonally adjusted rate for projected full-year sales continued to climb in May, reaching 19.5 million units, 7 percent higher than April.
Projected sales for passenger vehicles reached 14.6 million units, 7 percent higher than the average of the first four months, which suggests a stronger performance in the market.
The rate for light commercial vehicles rose to 4.9 million units, on par with the average of the first four months.
Several factors attributed to the strong growth in the passenger vehicle market.
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