Subscribe free to our newsletters via your
. 24/7 Space News .




CAR TECH
China auto sales down 1.1% in October
by Staff Writers
Beijing (AFP) Nov 9, 2011


China's auto sales fell 1.1 percent in October from a year earlier to 1.52 million units, an industry group said Wednesday, marking the first decline in five months.

The fall was due to a sharp drop in commercial vehicle sales last month -- down 9.9 percent from a year earlier -- the China Association of Automobile Manufacturers (CAAM) said in a statement.

Sales of passenger vehicles -- which account for the bulk of sales in the world's biggest auto market -- rose an anaemic 1.4 percent on year to 1.22 million units, the semi-official group said.

Month-on-month, passenger vehicle sales declined 7.5 percent, it added.

Total sales topped 15 million units in the first 10 months of the year, CAAM said, without providing an exact number.

Auto sales in the country rose more than 32 percent last year to a record 18.06 million units, but the sector has since lost steam after Beijing phased out sales incentives such as tax breaks for small-engine vehicles.

CAAM has said it expects sales growth for 2011 to be just five percent, down from an earlier forecast of 10-15 percent.

Monthly auto sales dipped 0.25 percent in April, their first year-on-year decline in more than two years, followed by a fall of 3.98 percent in May, before rebounding the following month.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
GM's cloud over Chinese Saab rescue 'regrettable': Sweden
Stockholm (AFP) Nov 8, 2011
A statement by General Motors this week threatening to block technology licences if two Chinese companies buy Saab, clouding a rescue, was unfortunate the Swedish government said on Tuesday. "That was a regrettable announcement," Swedish Enterprise Minister Annie Loeoef told reporters in Stockholm. Her comment came a day after GM said it would end technology-sharing licences to Saab and ... read more


CAR TECH
Lunar Probe to search for water on Moon

Subtly Shaded Map of Moon Reveals Titanium Treasure Troves

NASA's Moon Twins Going Their Own Way

Titanium treasure found on Moon

CAR TECH
Russian probe fails to take route for Mars

Russian probe fails to take route for Mars

Battered Tharsis Tholus volcano on Mars

Moscow's Mars pioneers hail success, gripe at space rations

CAR TECH
NASA's Future Up In Space

NASA plans 2014 test-flight of deep-space capsule

Voyager 2 to Switch to Backup Thruster Set

Boeing to Build Commercial Spacecraft at Kennedy, Create 550 Jobs

CAR TECH
What does the Tiangong 1 space station mean for China

China masters space command, control

China's great big leap skyward

China space prowess benefits world

CAR TECH
Campaign Begins For Third Automated Transfer Vehicle Mission To ISS

New Supply Ship Arrives, Departure Preps and Science Under Way

Russian space freighter docks with orbital station

Progress Successfully Docks With ISS

CAR TECH
Arianespace Ends 2011 With Three Launcher Campaigns

Six Astrium satellites on the same flight

Arianespace's no. 2 Soyuz begins taking shape for launch from the Spaceport in French Guiana

Vega getting ready for exploitation

CAR TECH
Three New Planets and a Mystery Object Discovered Outside Our Solar System

Dwarf planet sized up accurately as it blocks light of faint star

Herschel Finds Oceans of Water in Disk of Nearby Star

UH Astronomer Finds Planet in the Process of Forming

CAR TECH
Adobe pulls plug on Flash for mobile

Electronics set to power US holiday sales: report

New elements join the periodic table

Tying atomic threads in knots may produce material benefits




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement