China's FAW, SAIC, Changan Dominate Domestic Auto Sales

19/01/2005

China's big five domestic automakers continued to dominate the nation's auto market in 2004, taking 68.82 pct of total vehicle sales, according to the China Association of Automobile Manufacturers (CAAM).

China's five main automakers are First Automotive Works (FAW) Group Corp, Shanghai Automotive Industry Corp (SAIC), Chang'an Automotive Group, Beijing Automotive Industry Holding Co and Dongfeng Motor Corp, CAAM said.

FAW sold 1.01 mln units, Shanghai Automotive sold 848,500 units, Changan 579,500 units, Beijing Automotive 531,000 units and Dongfeng 523,300 units in 2004.

Those totals were up 12.35 pct, 8.50 pct, 22.75 pct, 57.73 pct and 6.78 pct year-on-year respectively.Dongfeng slipped behind Changan and Beijing Automotive in 2004 compared to its third place ranking in 2003.

China's total vehicle sales increased 15.50 pct to 5.07 mln units last year.