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Prices of locally produced vehicles up 0.85 percent in June

BEIJING – Prices of locally produced vehicles in June increased by 0.85 percent year-on-year, according to the data released by National Development and Reform Commission (NDRC) in a survey it conducted at 36 large and medium cities nationwide.

Prices of passenger vehicles in the month rose 1.75 percent on a yearly basis, but those of commercial vehicles declined by 0.2 percent.

The price drop rate of imported vehicles, according to the data, reached 3.24 percent compared to the same month last year.

Change of vehicle prices in China in June 2013

Type

% Change (MOM)

% Change (YOY)

Locally produced

N/A

0.85

  Passenger vehicle

0.1

1.75

        Passenger car

0.24

0.95

        SUV

0.14

3.35

        Microvan

N/A

-2.51

  Commercial vehicle

-0.1

-0.2

       Bus

0.09

-0.3

       Truck

-0.36

-0.06

Imported

-0.14

-3.24

       Passenger car

-0.32

-2.97

       SUV

0.04

-3.48

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