Trade Resources Market View Chinese Car Sales Return to Double-Digit Growth

Chinese Car Sales Return to Double-Digit Growth

After slowdown growth in 2012, China - as the world's largest car market, the growth reached double digits once again.

Chinese Car Sales Return to Double-Digit Growth

LMC Automotive estimates that, the Chinese passenger car sales rose by 15% from Jan to Sep this year, to around 12 million. In 2013, the U.S. market growth is expected to less than 8%, Brazil, Russia, India, Germany, Japan market is expected to fell.

China's richest four cities - Beijing, Shanghai, Guangzhou and Shenzhen in the face of serious traffic congestion and pollution problems, also seems to be powerless. But the per capita GDP is to $10000. At the same time, the Synergistics points out, the per capita GDP in the car market of four big regional is more than $12700.

China can not as important car exporter like Japan and South Korea, especially for the export of American and European markets. In the first eight months of this year, China's auto exports dropped 3%, only 500000 vehicles.

 

Written by Dora Men

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