CCTV.com - CNTV English - CCTV News

China car sales suffer holiday plunge

02-10-2012 08:21 BJT

Watch Video

Play Video

January car sales in China took their biggest monthly plunge in three years. They declined nearly 25 percent from a year earlier, but before you become really concerned, it was attributed to reduced working hours during the lunar new year holidays, which slowed down a lot of sectors in January.

Industry insiders are divided on the market outlook for the full year, with forecast growth ranging from less than 5 percent to well over 10 percent.

Few though,are expecting to see the breakneck expansion seen in 2009 and 2010.

For foreign auto makers, the Chinese market was also disappointing in January, with major brands like Ford, GM, Nissan all seeing shrinking sales.

Local auto groups like SAIC and DONGFENG, which rely heavily on their foreign partners to dress up balance sheets, also suffered falling sales.

However, there was one winner. Japanese car maker Mazda, a small player in China, welcomed a higher sales during the same period.

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program