The Average Chinese Sedan Exported in 2010 Sold for Only $7,100March 1st, 2011 | Posted in exports
China’s auto trade with the rest of the world lost balance in 2010, posting a $9.9 billion deficit compared with a small surplus in 2009. The deficit soared to $23.65 billion from $10.3 billion in 2009 if we count only whole vehicles traded, as exports grew faster in both volume and value. While the average imported car became more expensive in the Chinese market, the average price of cars sold to overseas buyers actually decreased 12% from 2009.
China exported 566,200 automobiles last year, up 53.17% from 2009. But the worth of the exports only increased 34.68%, to $6.986 billion. This means the average exported car had a price tag of $12,340, down about 12% from 2009.
For sedans, the price is even lower. The 179,940 sedans exported brought in only $1.276 billion, with the average unit selling for just $7,100.
By contrast, imports of whole vehicles, mostly luxury cars, jumped 93.33% to 813,600 units, with the total value surged 99.73% to $30.64 billion. The average imported car had a price tag of $37,660, three times the exported. The difference between Germany and China, the world’s two biggest exporters!