Output value of Chongqing auto industry reached 80.6 billion yuan in Q1

The total output value of Chongqing’s auto industry reached 80.68 billion yuan in the first quarter of 2012, up 5.8 percent year-on-year, according to Chongqing Economy and Informatization Commission on April 23, 2012.

The national total output value of auto industry decreased by 4.9 and 6 percent respectively in January and February 2012, as a result of governmental micro-control and tight financial policies, the slowdown of the GDP growth rate, the withdrawal of preferential policies and some others.

Under such a background, the total output value of auto industry in Chongqing reached 51.33 billion yuan from January to March, down 1.7 percent year-on-year.

The slump in Chongqing’s auto industry, however, was cushioned by a number of backbone enterprises like Chang’an Ford in March. The total output value reached 33.66 billion yuan in March, up 11.2 percent year-on-year.

Zou Xinyin