China’s auto sales will grow 15% in 2008, expert predicts
China’s automobile industry will probably grow 15 percent in 2008, a projected growth pace much slower than last year, according to a senior research fellow at State Information Center, a government-run think-tank affiliated to China’s central government.
Liu Ming, the director of market research department and chief research fellow at State Information Center said, under the influence of tightened macro-economic policies by Central government, China’s automobile industry will maintain a fast growing pace, but it will be slower than 2007; it will grow at about 15 percent this year.
In 2007, China sold 8.5 million vehicles, up 21 percent from one year earlier. This is the fourth consecutive year that China’s auto sales growth is higher than 20 percent.
Another automobile industry expert, Yao Jie, deputy secretariat of China Automobile Industrial Association, agreed that China’s automobile industry will maintain a steady growth in 2008 due to favorable macro-economic conditions. “Automobile consumption will continue to play a leading role in China’s domestic consumption.”
Yao Liu concluded that China’s passenger vehicle sales will continue to grow 20 percent in 2008. “We believe that China’s passenger vehicle industry has entered a fast-growing track, and it is very likely to continue a similar growth rate in the next couple of years.”
However, China’s commercial vehicle industry will grow at a slower pace due to macro-economic policies, Yao said. “It’s hard to believe that commercial vehicles will maintain an 18 percent growth in 2008, if you take into consideration of several factors, like oil prices.”
Views:0
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021 2022-03-25
- ZF Meets 2021 Sales And Earnings Targets 2022-03-18
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022 2022-02-28
- Top Ten Sales in New Energy Light-duty Trucks in October 2021-11-29
- FAW Jiefang: Overseas Sales to Account for 10% of Total Sales by 2025 2021-11-26
- FotonInMotion|JAN-OCT.Overseas Sales Volume Totaled 51999 Units,Up 67% YOY 2021-11-09
- Light-duty Truck Sales Increased by More Than 30 Percent MOM in September 2021-10-18
- JAC Sales Hit Record High in the First Three Quarters of 2021 2021-10-15
- Foton JUL-SEP. Overseas Sales Stands at 17000 Units, UP 80% YOY 2021-10-13
- Light Truck Sales in the First Seven Months Reached 1300,000 Units 2021-08-20
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021