China’s Sept auto export down 37% to 30,500 units image

China exported 30,500 vehicles in September, down 36.74% from a year earlier, but up 38.98% from August, the Beijing Times reported, citing industry association.

From January to August, China exported only 221,100 vehicles, down 57.17% from a year earlier, and the total volume of auto imports and exports dropped 24.28% year-on-year (y/y) to $38.744 billion, according to the China Association of Automobile Manufacturers (CAAM).

About 78,100 passenger cars were exported in the first eight months, down 67.05% y/y and some 143,000 commercial vehicles were exported, down 47.28% y/y.

China’s vehicle sales in September vaulted 78% from a year earlier to 1.33 million units. Total sales for the first nine months rose to 9.66 million units, up 34%, and the whole-year sales may exceed 12 million, the CAAM said.

But it was less optimistic about China’s auto export market after September’s exports fell 36.74% to 30,500 units. “The vehicle export market isn’t out of the woods yet and is still in a gloomy period,” the association said.

The government’s statistics bureau described this year’s export climate as “severe.” Exports collapsed in late 2008 and remain the key weakness for the Chinese economy.

Source: Gasgoo