/ Industry, News / China: February car sales grow 18%

China: February car sales grow 18%

Linked In Share
China: February car sales grow 18%

While for 2014 analysts and industry observers forecast the overall pace of the auto industry growth in China would settle at around 10%, it looks like consumers are set to go over the limit.

As the Japanese brands extended their rebound following last year’s sales collapse due to a territorial dispute triggering a surge in anti-Japanese sentiment, passenger-vehicle sales went on to beat the estimates, with an 18% growth.

According to the state-backed China Association of Automobile Manufacturers, in February the sales of cars, multipurpose and sport utility vehicles reached a tally of 1.31 million units – beating an analysts median estimate of 1.27 million cars.

“Japanese brands have continued to show growth,” Yankun Hou and Ming Xu, analysts at UBS AG, said in a report. “We believe the market is too negative over auto demand,” which will be “supported by resilient inland demand.”

Buses and trucks, total motor vehicle sales last month were up 18% to 1.6 million units and for the first two months the tally stands at 3.75 million deliveries, with an 11% growth.

While Ford’s sales rose the fastest among the last seven months – as foreign brands extend their domination over China’s own homegrown auto industry, the real winners were Toyota, Honda and the likes from Japan, which continued their recovery following the anti-Japan protests of 2012.

Via Bloomberg

by Aurel Niculescu (my Google+) - Monday, March 10th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
china february growth sales


Discuss: China: February car sales grow 18%

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Porsche 911 S Martini Racing Edition unveiled
Porsche 911 S Martini Racing Edition unveiledPorsche has introduced the 911 S Martini Racing Edition which is celebrating the company’s return to Le Mans. The brand new ...
New-gen Renault Espace caught on the road
New-gen Renault Espace caught on the roadA new generation of the Renault Espace has been recently spied while it was being tested out. Renault is currently testing out ...
Alfa Romeo 4C Spider gets spied
Alfa Romeo 4C Spider gets spiedOur spy photographers have managed to capture the production version of the Alfa Romeo 4C Spider while it was being tested ...
Chrysler Group issues two separate recalls
Chrysler Group issues two separate recallsThe Chrysler Group has announced two separate recalls which are affecting the Ram ProMaster and the Dodge Durango, Jeep Cherokee, ...
[VIDEO] Lamborghini Huracan arrives in the Netherlands
[VIDEO] Lamborghini Huracan arrives in the NetherlandsThe first unit of the Lamborghini Huracan has recently made its debut in the Netherlands as the new supercar has managed to ...
Recall Roundup: Jeep Grand Cherokee in Australia
Recall Roundup: Jeep Grand Cherokee in AustraliaJeep has issued a recall in Australia for its 2014 Grand Cherokee and Grand Cherokee SRT because of a problem with the adaptive ...
[VIDEO] 2015 Dodge Challenger SRT Hellcat revving its engine once more
[VIDEO] 2015 Dodge Challenger SRT Hellcat revving its engine once moreA new video find starring the 2015 Dodge Challenger SRT Hellcat is showing the muscle car revving its engine once more. The ...
2015 Chevrolet Corvette Z06 gets detailed
2015 Chevrolet Corvette Z06 gets detailedChevrolet has released new details on the 2015 Corvette Z06, which is the most powerful road-going car ever produced by General ...
Three New General Motors Recalls Announced
Three New General Motors Recalls AnnouncedGeneral Motors has issued another three separate recalls which is contributing to the frenzy of almost 16 million units recalled ...
Three-door BMW X6 rendered
Three-door BMW X6 renderedThe new generation of the BMW X6 has been rendered in yet another body style, which is cutting down its two rear doors, making it ...
No GT 86 Hybrid, Toyota says
No GT 86 Hybrid, Toyota saysToyota will not be producing a hybrid version of the GT 86 sports car as there isn’t a market for such a model. The GT 86 ...
South Korean Spirra Electric Sports Car going to Europe, will cost EUR200k
South Korean Spirra Electric Sports Car going to Europe, will cost EUR200kThe South Korean company called Oullim Motors will be introducing an electric version of the Spirra on the Old Continent, where ...
Lotus Exige LF1 Limited Edition announced
Lotus Exige LF1 Limited Edition announcedThe new Lotus Exige LF1 has been announced for production as the model will become available in a limited edition in all markets, ...
Alfa Romeo MiTo and Giulietta Quadrifoglio Verde going to Goodwood
Alfa Romeo MiTo and Giulietta Quadrifoglio Verde going to GoodwoodAlfa Romeo will be officially presenting the MiTo and the Giulietta Quadrifoglio Verde at this month’s Goodwood Festival of ...
[Video] Popular web series featuring Seinfeld reaches fourth season
[Video] Popular web series featuring Seinfeld reaches fourth seasonIf you still mourn the end of the popular comedy show “Seinfeld”, you should know the popular comedian is still bringing joy ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

porsche 911 s martini racing edition 1
Spy-Shots of Cars
Spy-Shots of Cars
Lotus Exige LF1 Limited Edition 1
Alfa Romeo MiTo and Giulietta Quadrifoglio Verde 1
BMW Individual 6-Series Gran Coupe Bang & Olufsen Edition 1
MINI Cooper SD 1
FPV GT F Limited Edition 1
audi rs1 sportback render 1
2015 subaru outback 1
ferrari laferrari silver 1
Abarth 695 Biposto gumball 3000 2014 1

More automotive from inautonews
Porsche has introduced the 911 S Martini Racing Edition which is celebrating the company’s return to Le Mans. The brand new Porsche 911 S Martini Racing Edition has been designed to celebrate the company’s return to Le Mans, after 16 years. The sports car can be ordered with a white or black ...
read more
Inautonews Editors Section
Car investment – which are the next classics?
Car investment – which are the next classics?Some prefer the stock exchange, others buy gold and some invest in properties, but there is a small group of people who prefer to try their luck with ...
Where brand new cars go to die
Where brand new cars go to dieHundreds of millions of brand new cars are left to rust in huge parking lots all over the globe after no one wants to buy them. The 2014 world ...
Trendy cars for this summer
Trendy cars for this summerSummer is just around the corner and the inautonews.com team is presenting you with some of the hottest convertibles money can buy these ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Chrysler Group issues two separate recallsThe Chrysler Group has announced two separate recalls which are affecting the Ram ProMaster and the ... Three New General Motors Recalls AnnouncedGeneral Motors has issued another three separate recalls which is contributing to the frenzy of ...
Safety Section