Shanghai, March 26 (Gasgoo.com) Japanese automakers are delighted to see that when America and other developed markets are stuck in economic downturn, China’s auto market shows sign of significant recovery thanks to the country’s tax reduction, xinhuanet.com said, citing a Nikki report.
Since China issued preferential tax cuts for low-emission vehicles from late January, Dongfeng Nissan, one of Nissan’s Chinese joint venture, saw surging sales of its Tiida and other vehicle models in China.
In February, Nissan’s Chinese joint ventures saw their output up 47.9% year on year and sales up 51% year on year. Japan’s Suzuki Motor, a small-car maker, sold 18,000 vehicles in China during the same period, up 19% year on year, the first sales increase in the past six months.
With sales rebounding, Japanese automakers are vying to increase their output in China now.
Gasgoo: auto parts source
