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Subcompacts Sold Below Cost, More Consumers Want SUVs in China
Recently, the once prevailing Subcompacts, have made car dealers quite miserable. As we suspected, SUVs are now the Chinese buyers’ new favorite while almost all the Subcompact models in China are being sold below cost.
Dec. 8 , 2015Summary: Major segments in Chinese passenger automobile market in October
Gasgoo.com (Shanghai) - A total of 1.88 million passenger automobiles were sold in China in the month of October, 15.4% more than the 1.63 million sold the previous October. Growth was shared by both domestic own brand manufacturers and foreign-Sino joint venture enterprises. Sales of own brand passenger automobiles increased 27.1%. Passenger automobile sales of American and Japanese passenger automobiles increased 14.9% and 9.1%, while those of German and Korean automobiles growing 8.0% and 4.7%.
Dec. 7 , 2015