Chinese and Japanese Brands Continue to Slide in China
Published May 23, 2013
Statistics from China Association of Automobile Manufacturers (CAAM) indicate that Chinese manufacturers are continuining to slide in April. Chinese brands sold a combined 571,200 vehicles in April, a slide of 16.95% compared to a year earlier, foreign brands saw a combined 9.85% slide on a year on year comparison with only Korean brands showing a slight increase.
Chinese brands sold a combined 260,100 vehicles, a decline of 11.18%, a month to month increase of 6.31% and accounting for 26.63% of the market. Japanese brands sold 176,660 vehicles taking 18.07% of the market, German cars sold 244,800,Â taking 25.05% of the market vehicles, American vehicles sold 152,400 taking 15.60% of the market, Korean brands sold 98,700 vehicles taking 10.10% of the market and French vehicles sold 41,000 vehicles taking 4.20%.