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China H1 passenger vehicle import volume reaches 576,418 units

BEIJING – China imported a total of 576,418 passenger vehicles in the first half of 2012, up 26.5 percent on a yearly basis, according to the latest data released by Sinomach Automobile Co., Ltd. on July 27.

The data said SUVs’ import volume rose 20 percent year-on-year to a total of 292,880 units, accounting for more than half of the whole passenger vehicle import volume in the first half of this year.

Meanwhile, 253,057 and 30,481 passenger cars and MPVs were respectively imported by China over the period of January to June, up 34 and 34.1 percent, which accounted for 43.9 and 5.3 percent of whole import volume.

According to the data, BMW, Mercedes-Benz and Volkswagen ranked the top three positions by importing 102,231, 68,893 and 51,581 passenger vehicles in the first half of 2012.

JEEP realized fast growth of 335.1 percent among foreign brands by importing 24,110 units.

The 3.0L and below displacement models accounted for 84.2 percent of China’s imported passenger vehicle market, according to the data.

Under the high inventory and fierce competition, the discount range of imported passenger vehicles in June reached 6.62 percent in China.

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