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China’s Passenger Vehicle Sales Climb 9%

Automakers delivered 1.46 million passenger vehicles to dealers in China last month compared with 1.34 million units in November 2011, the China Assn. of Automobile Manufacturers reports.

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Automakers delivered 1.46 million passenger vehicles to dealers in China last month compared with 1.34 million units in November 2011, the China Assn. of Automobile Manufacturers reports.

China's total vehicle sales, including trucks, vans and buses, rose 8% from a year earlier to 1.79 million units in November. Analysts credit the gain to stronger consumer confidence and heavy discounting.

Volume also was aided by a slow rebound in demand for Japanese cars. November sales of those models plunged 36% to 170,200 vehicles. But that marked the smallest year-over-year decline since China-Japan political tensions flared in September. Volume fell 30% to 79,500 units at Nissan, 22% 63,800 units at Toyota and 29% to 41,200 units at Honda.

Group sales climbed at General Motors (+10% to 260, 000 vehicles) and Ford (+56% to 67,500 units). Volkswagen has not yet reported November sales.

Luxury-car demand soared 62% to 31,100 units at BMW and 26% to 37,600 units at Audi, the brand's highest sales in China for any month on record. Volume dropped 7% to 16,900 units at Mercedes-Benz Cars.

In the first 11 months of 2012, China's wholesale passenger vehicle deliveries have grown 7% from a year earlier to 14 million units. Sales of all motor vehicles in the period rose 4% to 17.49 million vehicles.

Gardner Business Media - Strategic Business Solutions