China’s auto sales hit record high in 2012

Chinese automobile sales rose by 4.3% year-on-year in 2012, hitting an historical high of 19.3 million units.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Annual growth expanded by 1.9 percentage points from 2011 to 2012, according to statistics released by China Assn of Automobile Manufacturers (CAAM) on Friday January 11.

Sales of passenger cars comprised 15.5 million units of the total sales, up 7.1% year-on-year, while sales of commercial vehicles fell 5.5% over the same period, accounting for 3.81 million units.

Auto production also reached a record high 19.3 million tonnes in 2012, up 4.6% year-on-year.

In December, China produced 1.78 million units of automobiles, compared with 1.76 million units in November. The country sold 1.8 million units last month, against 1.46 million sales in the same comparison.

About 1.5 million units of passenger cars were sold during the month, up 0.1 % month-on-month, while sales of commercial vehicles accounted for 347,000 units, up 5.24% on the month.

China has now been the world’s largest automaker and seller for the past four years.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed