ubsidies for trade-in cars. It will now be extended to Dec 31, 2010. However, the purchase tax for smaller cars will be lifted

from the curr License

ssenger Car Associatio▓n. Statistics from the China Association of Automobile Manufacturers (CAAM) show that the smaller cars, with engine capacity of, or less than, 1.6 liters,

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contributed 85 percent of the sales increase in the domestic auto market. Most of▓ the best-selling cars in China are smaller cars. The ass▓ociation estimated that the stimulus measures boosted the sales of smaller cars by 2.6 million units this year. Because of the favorable policy, sales of the battery and electric c▓ar pioneer BYD in the first 11 months surged 150.2 perce▓nt to 388,2

46 units. About two-thirds of the car sales were of the F3 m▓odel, a compact sedan that topped

ent 5 percen interior

China's best-selling car list for seven months, with monthly sales surpassing 30,000 units, nearly double the figure for last year. According to CAAM, China's auto production and

sales almost doubled from figures a year ago to reach 1.39 million and 1.34 million units respectively in November. Overall auto sales topped 12.23 million units in the first 11 months, up 42.39 percent from the same period last year. (Source: China Daily)FAW Car Co reported a slower-than-industry-average pr▓ofit and sales growth in the first half of this year, as it failed to benefit f▓rom the government incentives for small cars due to its line up of medium-to-high-end models. In a statement to the Shenzhen Stock Exchange, the automaker said its net profit in the first half of the year rose 5.83 percen▓t to 535.28 million yuan, up from 505.77 mil

lion yuan a ye▓ar earlier. Revenue rose 11.51 percent year-on-year to 11.63 billion yuan, from 10.43 billion y▓uan, while operating profit and total profit fell 10.79 and 10.93 percent. The Changchun-based company said fierce competition in the domestic automobile market and its product line-up affected profits. "As the Western automobile markets have been shrinking amid the financial crisis, foreign automa

kers all shifted their focus and investment to China, which increased competition," said the c

ompany. "As a medium-to-high-end sedan provider, FAW▓ could not benefit from the government policies

ehicle. The stimul

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which ar▓e mainly for small cars with engine capacity of less than 1.6 l▓iter. This also resulted in slower profit growth," the company said. During the first six months, the company sold 75,315 vehi▓cles, including Besturn, Hongqi, Mazda 6 and Wagon vehicles, up 27.6 percent over last year. "As the price and profit margin of Besturn, the comp

hed by the g

any's major product, are relatively lower, FAW Car's gross prof▓it

ratio reduced 2 percentage points from a year earlier," said

Industrial Securities in a report yeste

rday. The brokerage predicted

ceed an expec▓ted 13 million units this year, making the country surpass the US as the world's biggest auto market. "It 's unusual that demand for a utomobil es in ▓a country increases mo re than 4.5 millio n units wi thin 12 months , and sale s break the monthl y ▓record for s even months in a year," said Rao Da, secretary-gen eral of China Pa 法库县5G 正阳县wap 东平县wap 孟州市wap 根河市5G 林口县wap 随州市5G 镇宁布依族苗族自治县5G 双柏县wap 攸县wap 永城市wap 会理县5G 泸州市wap 云和县5G 清苑县5G 理县5G 琼中黎族苗族自治县wap 浠水县5G 铁岭县5G 苍山县5G 手机能玩的传奇私服 传奇私服架设全教程 自己开传奇私服赚钱吗 传奇私服合击版本 传奇私服脱机外挂脚本 传奇私服破解版 传奇私服神歌城 传奇私服修仙界版本 传奇私服免费扫号器 倚天精品传奇私服