Stuttgart-based automaker Daimler AG grew profitably again in 2015, once more achieving record levels of unit sales and earnings before interest and taxes, with contributions from all divisions.
Kia Motors said Wednesday that its fourth-quarter operating profit rose on the back of strong demand for its new models of sedan and sports utility vehicle.
Hyundai Motor, South Korea's top automaker, posted the lowest operating profit in five years as sales fell in China.
In 2015, 23.85 million new cars were registered in China, taking car ownership up to 172 million, according to the Ministry of Public Security.
A faster pace of 6 percent year-on-year growth in the Chinese automobile market is predicted this year, in an expectation that the authorities will help unleash customer demand.
The segment of the auto industry that makes new energy or electric vehicles rode the government's favorable policies last year to big increases in both sales and output, which is expected to double 2015 net profit of 11 listed companies.
China's luxury car sales suffered slowdown last year, as Rolls-Royce car sales tumbled 54 percent and Audi saw its first negative growth in 26 years.
Auto sales in China, the world's biggest auto market, rose 4.7 percent year on year to 24.59 million units in 2015.
China's auto dealers might find the road a little rocky in January after customer demand was largely met at the end of 2015, warned a senior official at the China Automobile Dealers Association.
The fascination of Chinese with SUVs looks likely to continue for some time but domestic automakers should not pin all their hopes on the model, industry experts warn.
A record number of vehicles have been recalled this year in China since the system was initiated in 2004, according to the country's top quality watchdog.
Chery Automobile has become the first Chinese automaker to have produced five million cars.
China's production of new energy vehicles surged by 600 percent year on year in November thanks to government support.
China's auto sales are expected to grow around 3 percent year-on-year in 2015 and even higher in the next year as the market continues rebounding in November.
German automaker Audi AG reported on Friday that around 147,750 vehicles were sold in November, a year-on-year increase of 1.0 percent.
November car inventories in China climbed past October levels after auto dealers increased their orders to prepare for the peak sales season ahead of Lunar New Year.
South Korea's top carmaker Hyundai Motor and its affiliate Kia Motors recorded their second largest monthly sales in China.
Premium auto brand Infiniti is growing fast in China despite sluggish growth in the world's largest auto market.
Despite the summery weather in South China, the annual automotive show in Guangzhou has felt some chill from the slowdown of the world's largest auto market.
china's auto market, propped up by the central government's stimulus policy, continued its renewed growth in october.
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