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Car Sales Growth Slows Further in China

 

It was the fifth consecutive monthly decline, a clear sign that the high-octane growth seen last year and early this year has stalled and may soon slip into reverse.

 

However, large producers such as Volkswagen have generally fared better than the small players like Dongfeng Motors and Brilliance China Automotive.

 

Sales of the top five producers - whose sales accounted for nearly 60 percent of the total - rose 22 percent last month.

 

Volkswagen reported flat sales for last month in its joint ventures with Shanghai Automobile Industry Corp and First Auto Works.

 

The two Volkswagen joint ventures took back their Number 1 and Number 2 positions, lost in June to GM-SAIC, and the joint venture between Honda and the Guangzhou municipal government, respectively.

 

(CRI.com August 11, 2004)

 

Volkswagen Ranks First in July Sales
Volkswagen, GM Top Carmakers in China
Sedan Sales Drop for 3 Straight Months
Auto Market Encounters Cold Winter
Auto Sales Growth Still Braking
Luxury Automaker Gears up for Growth
Volkswagen Cutting Prices to Deal with Fierce Competition
Volkswagen Official Partner in 2008 Olympics
Volkswagen to Build New Auto Plant Near Shanghai
Car Sales Defy WTO Predictions
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