Chinese vehicle Sales to Hit Over 10m Units by End of 2009 Says New Report

November 18, 2009 | Author: | Posted in Automotive

Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report

The report “Chinese Supplier Report” available at http://www.reportbuyer.com/go/SUB00074 considers the importance of China for the automotive industry and includes over one hundred profiles of all the key suppliers in the country.

The 278 page report studies the history and macro-economic background of the region and looks at the vehicle market along with key issues such as regulation and infrastructure.

Furthermore the report covers the structure of the Chinese supplier industry, sourcing and platform strategies and the structure of the OEM sector.

According to the report, vehicle sales in China had already overtaken sales in Japan by a very narrow margin (around 42,000 units) in 2005. In 2006, the surge in sales in China combined with declines in Japan meant that there is now no doubt that China was the second largest vehicle market in the world, and its lead over Japan was extended to around 1.58 million units.

The report expects total Chinese vehicle sales to exceed the 10m unit mark in by the end of 2009. Fundamentals are still very positive but a moderation in growth rates from high base levels is inevitable. Vehicle sales are expected to rise by 10.2% in 2009 and growth rates to drop below 10% after that. The report’s base scenario forecasts 12.6 million units in 2012 and 17.3 million units in 2018.

The report “Chinese Supplier Report” is available from Report Buyer at:

http://www.reportbuyer.com/automotive/country_overview_automotive/chinese_supplier_report.html

Report Buyer product ID: SUB00074

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