• Home
  • Mail
  • Flickr
  • Tumblr
  • News
  • Sports
  • Finance
  • Entertainment
  • Lifestyle
  • Answers
  • Groups
  • More
Yahoo
    • Skip to Navigation
    • Skip to Market Summary
    • Skip to Main Content
    • Skip to Related Content
    • Sign in
    Finance Home
    • Explore
    • My Portfolio
    • My Screeners
    • Markets
    • Industries
    • Originals
    • Events
    • Personal Finance
    • Technology
    U.S. Markets open in 7 hrs 9 mins
    • S&P 500
      2,500.60
      -7.64(-0.30%)

    • Dow 30
      22,359.23
      -53.36(-0.24%)

    • Nasdaq
      6,422.69
      -33.35(-0.52%)

    LISTEN

    Economic benefits of NFL stadium boom are 'vastly overblown'

    From Yahoo Finance's podcast series on the $14B business of football, with Dan Roberts

    China November auto sales up 16 percent

    Joe Mcdonald, AP Business Writer
    Associated PressDecember 10, 2013

    BEIJING (AP) -- China's auto sales rose 16 percent in November as Japanese automakers extended a rebound in the world's biggest vehicle market, an industry group reported Tuesday.

    The figures were an unexpectedly strong performance for automakers that are looking to China to drive global sales amid weakness in U.S., Japanese and European markets.

    Drivers bought 1.7 million sedans, sport-utility vehicles and other passenger vehicles, the China Association of Automobile Manufacturers said.

    Growth was down from October's 24 percent but November still was one of the year's biggest months by volume.

    "The figure is much better than was expected at the start of the year," said Jia Xinguang, an independent industry researcher in Beijing. "And this fast-growth figure is even without any incentive policies."

    Growth in sales by Japanese brands outpaced the market, rising 19.2 percent, according to the CAAM. Japanese automakers are recovering from a slump last year during tensions between Beijing and Tokyo over conflicting claims to uninhabited islands in the East China Sea.

    Total vehicle sales, including trucks and buses, rose 5.7 percent to just over 2 million vehicles, according to the group.

    Manufacturers are spending heavily to create models that appeal to China's growing urban class, adding to competition that is squeezing fledgling domestic brands.

    November sales of Chinese-brand vehicles lagged the market, rising 5.5 percent to 680,000 vehicles.

    Sales have been spurred this year by concern among would-be buyers that Chinese authorities might tighten limits on vehicle ownership to curb smog and traffic in major cities.

    Beijing, Shanghai and other major cities limit new vehicle registrations. Smaller cities such as Tianjin, Qingdao, Wuhan, Changsha and Hangzhou are rumored to be considering limits on purchases.

    General Motors Co., China's top-selling vehicle brand, said earlier that sales of GM-brand autos by the company and its Chinese partners rose 13.3 percent in November to 294,500 vehicles. It said that was the brand's second-best sales month of 2013.

    Ford Motor Co. said sales of Ford-brand vehicles rose 47 percent to 99,157. It said total sales for the first 11 months of the year increased 51 percent to 840,975.

    Nissan Motor Co., the biggest Japanese auto brand in China, said sales rose 95.7 percent to 131,800. Toyota Motor Co. reported sales up 140.7 percent at 89,800 vehicles.

    German luxury automaker BMW AG said sales gained 19.7 percent to 354,153 deliveries.

    ___

    AP researcher Fu Ting in Shanghai contributed.

    ___

    China Association of Automobile Manufacturers (in Chinese): www.caam.org.cn

    Recently Viewed
    Your list is empty.

    What to Read Next

    • Why China Could Invade North Korea

      The National Interest
    • À découvrir en exclusivité chez Lidl

      LidlAnnonces
    • First and 10: On the NFL in China, Jay Cutler’s future and a possible Patriots trade

      Sports Illustrated
    • China's central bank tells banks to stop doing business with North Korea: sources

      Reuters
    • South Korea approves aid to North Korea, North calls Trump 'barking dog'

      Reuters
    • Les offres CANAL

      CANAL+Annonces
    • Lessons from the Doklam Pass: how little Bhutan faced down China over a border dispute

      The Conversation
    • Ivanka Trump faces courtroom showdown over $785 sandals

      Bloomberg
    • Curt Schilling again rips ESPN for having 'some of the most racist people in sports'

      Business Insider
    • Une silhouette unique.

      Audi FranceAnnonces
    • Melania Trump's $3,000 pink dress reveals a key difference between her and Michelle Obama

      Business Insider
    • The most sought-after job in America pays $110,000 a year — if you have this skill

      MarketWatch
    • Starbucks’ Howard Schultz on youth unemployment and the future of America

      Yahoo Finance Video
    • How Older Men Tighten Their Skin

      LifeCellSponsored
    • Services and manufacturing — What you need to know in markets on Friday

      Yahoo Finance
    • North Korea Says Actions May Include Pacific H-Bomb Test

      Bloomberg

    Russia: U.S. War With North Korea 'Is Not an Option'

    Dan R: But invading Ukraine is OK?

    Join the Conversation
    1 / 5

    558