Will May auto market continue the auto show booming
When the global auto markets are experiencing the recession, China's auto market keeps increasing. The April Shanghai auto show, a catalyst of the country's booming auto market, is expected to further stimulate China's auto market growth.
The show was physically larger than the last one (two years ago), with 600,000 people arrived to view the gleaming wares of 918 cars (602 of them from China) and 582 component makers from all over the world.
Nor did the show skimp on the financial numbers as well: Lifan took $170 million in international orders for its MINI-derived Lifan 320 (pictured), Bentley 15 cars -- including all of its display vehicles -- and expected to close several more deals after the show closed its doors, and Rolls-Royce moved 18 models.
China's economy may not be burn like a supernova anymore, but there is still plenty of heat left in it.
May is usually a turning point which indicates the auto market will go off-peak season. However, the May market probably will continue to see good sales as two factors may dominate the situation:
First, the new cars effect. New launch in May such as Besturn B50, new LaCrosse, C-QUATRE sedan, and April new cars like new Sylphy, Mazda 6 Ruiyi, Toyota RAV 4 and new Passat Lingyu-so many heavyweight models will create a May new cars effect.
Second, holiday's effect. Two holidays, Labors' Day and Chinese traditional Dragon Boat Festival in May is likely to welcome the potential consuming power.
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