China¡¯s production and sales of motorcycles increased 2.83% MoM & 8.09% YoY in June 2019

According to the latest data from the China Association of Automobile Manufacturers (CAAM), production and sales of motorcycles in June improved across China both year-on-year, as well as month-on-month basis.

Domestic production of motorcycles in the above mentioned month came in at 1.48 million units, up 2.83 per cent from May 2019 and 8.09 per cent from June 2018. In May 2019, the production had dropped month-on-month by 0.64 per cent.

Sales climbed 4.34 per cent month-on-month in June and 6.74 per cent on the year to stand at 1.47 million units. In May 2019, sales were down by 1.32 per cent from the previous month.

With this, the total production and sales of motorcycles in the first half of 2019 in China totalled 7.81 million units and 7.77 million units, respectively.

Chinese consumers who are purchasing electric motorcycles and light electric motorcycles are exempted from purchase taxes since July 1.

The exemption of purchase tax reduces the buying cost for consumers by hundreds of yuan. This in turn, is expected to spur motorcycle sales across the market and therefore the production and also the demand for downstream aluminium. Also, the increase in electric motorcycles production is expected to enhance of generation of secondary aluminium domestically.

This comes as a boost to market sentiment after the new national standards for electric motorcycles took effect earlier this year.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.