New Level Reached in China's Sedan Exports

According to new statistics reported from China Association of Automobile Manufacturers (CAAM), China's exporting Sedan reached 81% to 51,700 units in first five months this year, and up nearly 40% from 2006. 

The country's auto imports and exports reached US$23.8 billion in the first five months, with imports up 21 percent and exports up 39.9 percent from a year earlier.

China imported 108,000 vehicles in the first five months, an increase of 25.3 percent, with imports of Sedans up 34 percent, cross-country vehicles up 21 percent and minibuses up three percent.

In the first five months, the country's auto output grew 21.3 percent to 3.72 million units, while sales rose 22 percent to 3.65 million.

The top three Sedan producers were FAW Volkswagen, Shanghai Volkswagen and Shanghai GM, with Chery, the flag-bearer of Chinese indigenous brands, maintaining its fourth place.