China's July auto sales rise 8.2 pct

 BEIJING, Aug. 9 (Xinhua) -- China's auto¹ sales rose 8.16 percent year on year to 1.38 million vehicles in July, slowing from 9.9 percent in June, the China Association of Automobile² Manufacturers (CAAM) said Thursday.

Auto output hit 1.44 million units, up 10.03 percent from one year earlier, according to a statement on the CAAM's website.

Sales of passenger vehicles hit 1.12 million units, up 10.71 percent year on year, while production hit 1.18 million units, up 12.79 percent, the data showed.

However, sales of commercial vehicles slid 1.63 percent to 259,200 units, while commercial vehicle output declined 1.32 percent to 252,300 units, according to the statement.

China's automobile industry expanded exponentially in 2009 and 2010. The nation overtook the United States to become the world's largest auto market in terms of sales in 2009. Sales continued to surge in 2010, jumping more than 32 percent to hit 18.06 million units.

However, sales growth became more moderate last year due to the slowing of the economy and the expiration³ of policy incentives⁴ for car purchases.

CAAM said last month that the country's auto sales are likely to rise by 8 percent to 20 million units in 2012 if the economy picks up momentum⁵ in the second half.

In the first seven months of 2012, China's auto sales expanded by 3.56 percent year on year, while output increased 4.84 percent.

The top 10 auto producers sold 9.68 million vehicles in the first seven months, accounting⁶ for 88.15 percent of the country's total sales, the data showed.

In July, some 411,600 million domestic-brand passenger vehicles were sold, up 12.6 percent year on year. However, their market share fell to the lowest level in almost three years due to fierce competition from producers in Germany, Japan, France and the Republic of Korea, according to the statement.

The nation's vehicle exports surged 21.9 percent from one year earlier to 89,300 in July. On a month-on-month basis, auto exports fell 16.8 percent from June.

Auto shares rallied Thursday with the entire board rising 1.27 percent, as better-than-expected sales lifted market sentiment.

Great Wall Motors Co. jumped 4.67 percent to close at 15.7 yuan per share, while SAIC Motor Corp., the nation's largest automaker, rose 1.78 percent to finish at 12.73 yuan per share.

1 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

2 automobile   

n.汽车，机动车

参考例句：

• He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
• The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。

3 expiration   

n.终结，期满，呼气，呼出物

参考例句：

• Can I have your credit card number followed by the expiration date?能告诉我你的信用卡号码和它的到期日吗?
• This contract shall be terminated on the expiration date.劳动合同期满，即行终止。

4 incentives   

激励某人做某事的事物( incentive的名词复数 )； 刺激； 诱因； 动机

参考例句：

• tax incentives to encourage savings 鼓励储蓄的税收措施
• Furthermore, subsidies provide incentives only for investments in equipment. 更有甚者，提供津贴仅是为鼓励增添设备的投资。 来自英汉非文学 - 环境法 - 环境法

5 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

6 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。