China's Auto Market Slid for 11th Straight Month in May
Zhang Yushuo
/SOURCE : yicai
China's Auto Market Slid for 11th Straight Month in May

(Yicai Global) June 12 -- Passenger car sales in China fell another 12.5 percent annually to less than 1.6 million last month, extending the market slump to 11 consecutive months.

Sedan sales fell 13.2 percent to 805,000 units, according to data published by the China Passenger Car Association yesterday. Sports-utility vehicle sales slid 9.6 percent to 669,000 while multi-purpose vehicle sales slid 22.9 percent to 108,000 units.

Market watchers can expect continued adjustments this month as there are only 19 workdays in June this year and some cities will be implanting the new China 6 emissions standards, the association added.

New-energy vehicles managed to buck the fall, rising 5.4 percent to 97,000 units and marking continuing growth in the sector. Electric passenger car sales this year to date had reached 442,000 by the end of May, up 58 percent from a year earlier.

Luxury brands of all cars also made a 9.4 percent gain, but joint ventures saw sales dive 5.2 percent and independent Chinese brands dived 26.5 percent.

SAIC-GM, FAW-Volkswagen and SAIC-Volkswagen remained the biggest three car sellers nationwide. Chinese marque Geely was the only home-grown brand among the top 10.

Editor: James Boynton

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Keywords: Passenger Vehicles , NEV