China Jan-Jul auto imports up 48% to 247,000 units

In the first seven months of this year, China's auto imports rose 48%% from one year earlier to 246,985 vehicles, according to General Administration of Customs. The total value of auto imports in that period reached nearly $9.174 billion, up 66.3% year on year (y/y).

On Monday, China's General Administration of Customs announced that China imported 35,018 vehicles in July, which are valued at $1.41 billion. From January to July, China imported a total of 246,985 vehicles, up 48% y/y, and the imports were valued at $9.174 billion.

Earlier data show that China's auto imports in June reached 40,989 units, and the first-half auto imports this year hit 211,969 units, up 53.2%, which indicates the auto imports in July declined considerably from the previous month.

In January to July 2007, China imported 166,887 vehicles, with the imports valued at $5.518 billion.