The Ministry of Commerce released a comprehensive report on Chinese auto exports in the first 10 months this year. The report takes the good with the bad basically a mixed bag, taking the good with the bad, the Beijing Morning Post said yesterday.
In the first three quarters, China exported a total of 413,500 complete finished vehicles, up 64 percent from the same period of last year. From exporting these vehicles, China gained exported vehicle sales totaled US$4.8 billion, an increase of 117 percent year-on-year.
Of the total export revenues, commercial vehicles contributed accounted for US$1.75 billion, or 36.5 percent, while and passenger cars export only accounted for US$694 million.
Regarding the In terms of export volume, trucks took up were almost half of the total and sedans 30 percent. The Commerce Ministry of Commerce's hopeful estimate ford the whole year is auto export would record a hopeful 600,000 exported units exported.
In the meantime, the average unit prices price for exported vehicles surged 32 percent from last year to US$11,600 in the first 10 months, which suggested China was exporting higher quality vehicles.
However, due to the unhealthy competition in the passenger cars market, the passengers cars export prices goes are going against the grain due to unhealthy competition in the passenger car market. The total export revenue only rose 174.3 percent between January and October, despite the export volume roared 211.4 percent from the same period of last year.
Export numbers of sedans and off-road vehicles jumped 250.63 percent and 258.96 percent respectively in the first 10 months, while average unit prices tumbled 19.6 percent and 10.19 percent respectively.
The newspaper attributed the problem to the malicious competition amongst Chinese auto manufacturers to hoping to boost sales volumes in overseas markets with low prices.
Additionally, among the total 1,242 accounted Chinese automakers that exported vehicles in the first 10 ten months, some 718 ones, or 57.8 percent, exported even less than 10 vehicles, thus the after-sale service was unpromising, which badly damaged and not contributing to the "made-in-China" profile.
(Chinadaily.com.cn December 5, 2007)
