Auto Sales in China Exceed 1.6 Million in May

Auto Sales in China Exceed 1.6 Million in May
The total number of cars made in China in the month of May was 1.57 million, while total sales accounted for 1.61 million units. This latest production figure marks a 4.66% decrease as of April, but it’s 16.9% higher than that of May 2011.

Sales have followed roughly the same pattern, decreasing by 1.06% in May, when compared to April, but growing by 15.97% from last May. Of the total figures, passenger cars accounted for 1.27 million of total vehicles produced, with sales having a surprisingly close number, recording 1.28 million cars sold in May - the Yin-Yang principle of balance seems to be working on the Chinese auto market, as these figures clearly show a relatively mature market without too many fluctuations and uncertainties (that’s why everybody wants a piece).

A landmark that was achieved in May, was the breaking of the 100,000 mark when it comes to exports, with 103,400 vehicles, 18.2% more than in April and a whopping 43.4% increase as of May last year. China’s main export markets are Algeria, Russia, Chile, Iraq and Iran.

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