In the first half of 2013 Chinese car manufacturers’ shipments to dealers were up 18 percent over the same period of the previous year. JSC Automotive, the consultancy specializing in the Chinese automotive market, expects growth to slow to an annualized rate of some 10 percent. In November, the Central Government will present the long-awaited catalog of economic measures to the party’s Central Committee. This will indicate whether China is serious about tackling restructuring of the economy. Such restructuring would have a great impact on the automotive market.
Sep. 16 , 2013Gasgoo.com (Shanghai) - Beginning this year, the National Development and Reform Commission started commencing a crackdown on monopolies in a variety of industries, ranging from gold apparel to milk-based products. The amount of legislation targeting monopolies over the last two months has been unprecedented, with the total value of fines issued during the two month period far exceeding the combined fines for the last five years. On the heels of this success, the NDRC has its sights set on new industries for new anti-monopoly investigations: primarily the oil, telecommunications, banking and automotive industries.
Sep. 10 , 2013Gasgoo.com (Shanghai) - One of the major topics of debate in the Chinese automobile industry is the potential of domestic own brand manufacturers to successfully expand into foreign markets. According to statistics posted by the China Association of Automobile Manufacturers, China exported a total of 486,800 automobiles in the first half of 2013. 294,300 of those exports were of passenger automobiles, up 2.3 percent from the previous year. China Association of Automobile Manufacturers Deputy Secretary General Dong Yang pointed out that Chinese car export volumes in the first half of the year outperformed expectations.
Aug. 30 , 2013Growth rates in Chinese automobile exports have been changing very drastically as of late. In 2012, as domestic car sales continued to flounder, own brand and joint venture manufacturers begun turning their eyes towards foreign markets. As a result, export growth rates reached new highs, with the total export volume for the year exceeding one million units. In contrast, the domestic market has been a lot more promising over the first half of this year, while export sales fell nearly one percent.
Aug. 30 , 2013Great Wall Motor, China’s leading SUV manufacturer, has exceeded expectations to become the country’s best performing own brand manufacturer for the first half of the year. Great Wall’s progressive marketing strategy and unique product lineup have been major factors behind its strong performance. The manufacturer reported year-on-year sales growth of 43.5 percent over the first half of the year, 17 percent above the industry average. Two of its key models, the Haval H6 and M4 have both entered the top ten sales charts for their respective segments.
Aug. 30 , 2013