Gasgoo.com (Shanghai) - With the new year less than a week away, it has now become evident that, as far as the Chinese automotive industry is concerned, 2012 was a continuation of trends from the previous year. Final automobile sales growth rates look to finish around five percent. Although 2012 marks the second consecutive year of low sales growth rates, many in the industry still hold high prospects for the country, believing that there is still a great deal of potential for future development.
Dec. 28 , 2012Gasgoo.com (Shanghai) - Despite a recent decline in anti-Japanese sentiment, initially instigated by the Diaoyu Islands dispute, Chinese sales of Japanese automobiles have yet to recover. Furthermore, relationships between the two countries still remain very tense, meaning that a new wave of demonstrations advocating the boycott of Japanese goods could flare up again at anytime. According to September performance reviews, sales of Toyota, Honda and Nissan vehicles in China fell over 35 percent over the month.
Nov. 10 , 2012Gasgoo.com (Shanghai) - Excessively rapid growth in the Chinese automobile market came to a halt in 2011, with final sales growth rates in the single digits. Coming in 2012, many expected the market to recover again, but ultimately, sales growth continued to decline, reaching its lowest point in July. Despite a recovery in the following month, when year-on-year sales growth reached 8.26 percent, growth rates slowed down again in September. However, worth pointing out is that sales growth of domestic own brands reached a record high in September, while sales of Japanese vehicles dropped disastrously. How will these trends factor into the market's fourth quarter performance? How will the last three months of the year play out?
Oct. 30 , 2012