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Gasgoo.com (Shanghai) - The sudden cooling down the Chinese automobile market experienced in 2011 has continued into this year. Although the common consensus in the industry is that overall sales growth in 2012 will be in the double digits, the majority of participants in a recent survey of analysts and experts conducted by Gasgoo.com (Chinese) have conservative opinions regarding the first quarter of the year.
Feb. 17 , 2012Gasgoo.com (Shanghai February 13) - J.D. Power and Associates predicts the market for light-weight vehicles (commercial and passenger vehicles with a weight of six tons or lower) in China to expand to 35 million units by 2018, auto.sina.com.cn reported today. The firm made the prediction on the basis of expected 11 percent growth in the domestic passenger vehicle market this year.
Feb. 15 , 2012Gasgoo.com (Shanghai) - With another year off the calendars and in the run up to Chinese New Year, let's take a look back at some of key stories that shook the automotive industry in 2011.
Jan. 31 , 2012Gasgoo.com (Shanghai January 30) - Shanghai-based Chinese dealership network Yongda Group is planning to enter the Hong Kong Stock Exchange, jrj.com.cn reported today, quoting a story appearing in Hong Kong-based daily Ming Pao. The network, one of the largest on the Chinese mainland, is planning to make an initial investment of $500 million to $600 million for the new venture.
Jan. 30 , 2012