Optimistic Growth of China�s Automobile Industry Continues To Support Demand For Natural Rubber


11 March 2015, 10:00 SEAST


On Tuesday, 10 March 2015, China Association of Automobile Manufacturers (CAAM) released data showing an 8.7% increase of passenger vehicles in the first two months of 2015 (January � February) vis-a-vis the same period in 2014. This translates to as much as 3.43 million passenger vehicles which include sedans, sport-utility vehicles and minivans sold in China during that period.


The overall automobile sales for both passenger and commercial vehicles in China grew 4.3% to a total of 3.91 million vehicles in January and February 2015.


During the first two months of 2015, Chinese domestic manufacturers which have 43% market share of China�s passenger vehicle, enjoyed strong growth in its car sales as follows :-


�         Geely Automobile Holdings    :        77%

�         Great Wall Motor Co.               :        22% (sedans and crossovers)


The positive growth of China�s automobile industry in the background of 7% economic growth forecast in China for 2015 will continue to support demand for natural rubber.