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

Login or Create new account to add a comment!

Recommended

Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 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