*** SEIZED CAR AUCTIONS ***

Find Out More About Who Invented The Car - Hondas, Mercedes & More
Find Your Dream Cars Up To 95% Off Retail Prices!
Drive Off A New Or Used Car For As Low As $200...
Search To Get Your Luxury Car Now!


Friday, April 10, 2009

JD Power Asia Pacific prediction: Economic slowdown in new vehicle sales in China down

By Professional editor working for cheaponsale.

Just over one quarter, although the rate of the car sales data out, but the March 31, according to JD Power Asia Pacific, prediction, compared with 2008, because of China's economic slowdown in vehicle sales in 2009 of young drop two prediction percentage points to 8.57 million. Passenger car sales will reach 5.83 million, down one percentage point year-on-year.

Entry-level compact vehicles projected to grow 2%

It is stated that in 2009 China sales prediction for light-weight economic vehicles plunged by virtually three percentage points, arriving at 2.75 million. And sales of commuter vehicles (including motor vehicles, MPV and SUV) will arrive at 5.83 million, weighed against with 2008, down one percentage point.

"All the way one time sultry Chinese economic procedure is because of worse worldwide demand slow down," JD Power Asia Pacific, Michael Dunne, supervising chief director of Chinese consider, "January this year, the principle trade overseas businesses of the ring than the 17 out of 100 descent, after the apex 10 in 2008 months up to 20% growth. However, when weighed against with other global markets, China's motor vehicle market is still shown, in actual, the Government has freshly ushered in a succession of guidelines have been encouraging - embracing the helpful approval of small-displacement motor vehicles, and ecological security guidelines - will be to assure that the sales of the year 2009. "

Adjust the buy of new vehicle levy and fuel levy will advance the demand for little vehicles propelled change. Especially when contrasted with 2008, this entry-level compact vehicle sales outlook to augment by 2%. In compare, sales of bigger vehicles - encompassing the compact and midsize vehicle - will be down 3%, respectively, and 4%.

China stays the world's second greatest market in sales

In 2009 even though sales dropped a proposition, the Chinese auto market after the United States is still the world's second biggest market in sales. To help vehicle manufacturers a better insight into quickly altering in the Chinese automobile market, JD Power Asia Pacific, will be issued in June this year, China conveyed out its first new study outcomes of promise customers. The study encompassed 32 Chinese towns, covering China's first-line, second-line, three lines representing the town to visit promise customers new Chinese buyer psychology, mind-set and behavior.

Chinese examine on new capability customers a pre-preliminary examination uncovered that one-third of China's capability customers is a brand label new recognition of the "car enthusiast." And "conservation-minded customers," the matching fraction of one-third. According to statistics, in China, more than 80% of new motor vehicle shoppers are first-time buyers. - 21396

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home