Market & Industry
2014 proving to be a very tough month for Beijing automobile market, leading industry analyst Su Hui explains
Gasgoo.com (Shanghai September 25) - According to the China Association of Automobile Manufacturers, total production and sales numbers for Chinese automobiles over the first eight of the months totaled 1.52 million units and 1.5 million units, respectively. The two figures represent year-on-year growth rates of 8.61 percent and 7.67 percent, respectively. These rates were much lower in the month of August; with production and sales numbers growing 2.22 percent and 4.04 percent, respectively. Those production and sales figures represent a clear decline from the previous month. Industry analysts point out that dealerships in first-tier cities are suffering severely from market pressures.
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