Luxury vehicle sales will surge to 400,000 units in the next five years

Analysis predicted in next five years, China's luxury car market will see rapid growth; annual sales will surge from the current 150,000 units to more than 400,000 units.

According to statistics, 1.6~2.5L engine vehicle sales accounted for 36.15% of the total sales volume in China auto market in 2006, sales reached about 2.6 million units; 2.5L engine vehicle sales were about 0.85%, sold 60,000 units per day.

Luxury vehicle sales were about 50,000 units, more than 2% of market share. Luxury vehicle maintained synchronization with the automobile market price trend in 2006, but the price cut was marginal.

With 2.0L engine vehicles in the share of new models increased, and more and more foreign brand sedans made in China, such as Mercedes, BMW, JAGUAR, Ferrari, Lexus and Infinite, Chinese luxury vehicle market will continue to expand in the future. From January sales data we can see sales of Benz and Audi increased 64% and 33% in January 2007, reached the highest record in history.