China vehicle production rose 7.4% from year-ago levels, to 1,501,445 units in August, marking the sixth straight month of year-over-year increases in the industry.
August output was up 4.5% from July’s results.
Both cars and light trucks posted solid increases, as cars climbed 10.6% over year-ago to 873,013 units and light truck production jumped 7.4% to 557,693. Buses remained relatively flat, increasing 1.5% vs. August 2011.
Medium/heavy trucks were the only vehicle type to post a decline in August, down 24.8% to 54,800 units. January 2009 was the last time the sector saw volume this low on a monthly basis.
Downturns in real estate, infrastructure construction and the freight market, along with a slowing economic growth rate, have contributed to the steep decline.
was the top manufacturer in China in August for the third straight month, with 129,600 units produced, accounting for 8.6% of the country’s output.
-GM-Wuling came up just short of the top spot, producing 124,481 vehicles. Year-to-date, however, it remains No.1, with a 7.7% share of production.
Not surprisingly, theJetta ranked first among models built in August. With 42,834 units produced, it outnumbered the second-place model, Shanghai GM’s Buick Excelle, by about 6,000. Output of the Jetta equaled 2.9% of total August production in China, its highest share since January 2009.
Through August, China’s manufacturers produced 12,470,334 vehicles, about 600,000 units, or 5.2%, more than the first eight months of 2011.