Passenger vehicle sales in China soar 13% in April 2014 to 1.5 million units

Article by Christian A., on May 13, 2014

Sales of passenger-vehicle surged 13 percent in China in April 2014 to 1.5 million units, as consumers flocked to showrooms anticipating more cities implementing ownership restrictions to curb pollution and congestion, according to the Passenger Car Association.

Six cities, including Hangzhou in Zhejiang province, have implemented quotas on new license plates to curb vehicle population – a move in support of Premier Li Keqiang’s "war" against pollution.

The China Association of Automobile Manufacturers said in 2013, that more municipalities are mulling imposing restrictions. Harry Chen, an analyst at Guotai Junan Securities Co., remarked that Hangzhou’s move to impose restrictions stimulated vehicle demand as people “brought forward purchases."

He added that this could be a factor for the next few months. Premier Li remarked in March that fighting air pollution is one of the Chinese government's top priorities.

According to the World Health Organization, around 40 percent of the 7 million global deaths caused by air pollution come from the region dominated by China under organization’s classification system.

Vehicle consumers in Nanjing, Jiangsu province, blitzed to an auto show at the start of the month to purchase vehicles, over worries that the city will impose purchase limits, according to a report by China National Radio on its Web site.

The station reported that around one vehicle was sold every three minutes at the show, with sales jumping up to 40 percent in April at some dealerships.

Topics: china, sales

If you liked the article, share on:

Comments

Recommended

British luxury automaker Aston Martin celebrates its new partnership with the Henley Royal Regatta sporting event by designing a one-off DB11 sports car that they recently revealed. The car explores...
by - June 28, 2017
The 2018 Dodge Challenger SRT Hellcat as we know, is the Demon's less powerful sibling, and there’s nothing wrong with that. But have you ever imagined how it would look...
by - June 28, 2017
Sorry Uber, but Handsome Cabs taxi company has something no one else can offer - a Lamborghini Huracan that can take their clients from Point A to Point B. This...
by - June 28, 2017
BMW saw a potential oil leak on the new M760Li, prompting them to recall the said vehicle last April. Today, a little over two months after issuing the first recall,...
by - June 28, 2017
Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries