Tuesday, April 22, 2014

market of cars in China

The sales of vehicles automobile in China increased by 15 % last year, exceeding expectations by reaching nearly of the 22 million sold units, with about 18 million passenger cars, the Chinese association car manufacturers announced on Thursday.

China strengthened is position of market leader

China confirmed in 2013 its status of first automobile market to the world, a place which was acquired in 2012. In the Middle Kingdom, the sales any confused vehicles increased by 14 % last year to 22 million units, a growth which exceeded expectations, announced on Thursday the Chinese Association of the car manufacturers. For the only passenger cars and SUV (except commercial vehicles), sales progressed of 16 % to reach 18 million units sold.
The latter amounts, which integrates a 18 % jump of the registrations in December, is clearly upper to the forecasts of the association, which banked initially on a 7 % progress only of the market after two years of low growth.
What are the positions of the French manufacturers in China? After many disappointments, PSA has three production units to Wuhan by means of its joint venture with the Chinese manufacturer Dongfeng today. The production capacity, which is about 600.000 cars a year, should be increased to 750.000 in 2015.

The market of second-hand is still emerging

Still embryonic, the market of the second-hand car should explode in China in the years which come, following the sales of new vehicles, and the foreign builders already position to make sure a share of the cake.
In China, we count approximately a second-hand vehicle sold for three new, what little by report of the other regions, in particular in the United States where on the contrary there are 27 second-hand vehicles for new 10.
The reason of this delay is simple: the take-off of the Chinese market goes back up only in a decade and at the moment the Chinese who reach the automobile favor the new. 65 % of them are always first-buyers.

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