Chinese Auto Manufacture and Sales Increase 13% in First 10 Months, Market Demand Thriving

According to report of Voice of China , China Association of Automobile Manufacturers publishes that from Jan to Oct this year, Chinese auto manufacture and sales growth both exceed 13%. Chinese auto market demand grows fast.

From Jan to Oct, Chinese auto manufacture has made 178.54 million, and sold 178.16 million. Both of the figures exceed 13%. Shihua Chen, information dept. director of China Association of Automobile Manufacturers, said that in the first 10 months this year, accumulated growth hit the second high record of this year. Sept and Oct growth is quite fast, which seems typical peak seasons.

In the first three seasons, global auto market growth increase 2.8%. But Chinese market grows much faster than average figure. It already becomes main power of global auto market. Yang DONG, ACCM general secretary said that it is the thriving demand result. Extra money selling car is not possible in the coming future.

Yang DONG： Auto manufacture and sales is the result of market demand. I am not agreeing that auto industry is under slight growth. I believe that industry shall meet the market demand after the industry tends to stable growth from rapid growth. Your products should be more fuel saving, more environmentalfriendly, better quality and lower price. Ibelieve that extra money selling car situation will not come back in the next years.