In the first four months Shenzhen Customs imported 5,103 automobiles units, amounting to 240 million U.S. dollars, of which imports were 1,582 vehicles in April.
On May15th statistics from Shenzhen Customs showed that in April, German vehicle imports grew by 33.7% to 1,806 units. Sweden vehicle imports grew by 22.5% to 1,153 units. These two countries vehicle imports accounted for about 60% of the total Shenzhen automobile import.
Automobile trade experts said that since the beginning of this year the domestic asset prices raised faster and boosted China’s auto import gradually, increasing vehicle imports from the traditional sedan to sports car, SUV and MPV models.
The RMB plays a stronger role on auto imports. Since the reform of the RMB exchange rate against the U.S. dollar, auto import costs are reduced significantly, and dealer profits are increasing.
