A passion for cars
HOME > PAST ISSUE > PERSPECTIVE [Premium content]June 2003
A recent surge in passenger car sales has benefited China's sprawling auto industry, but a rationalisation of the sector remains inevitable.
According to official statistics, both sales and output of domestically made passenger cars in 2002 were in excess of 50 percent year-on-year to 1.1m units. This is compared with fewer than 50,000 units in 1990. The sharp upward trend has been carried through into 2003. In the first quarter total car sales, including sports utility vehicles, climbed 109 percent year-on-year to 409,161 units.
China is now the fastest growing vehicle market in the world and it has become the fourth ...
China is now the fastest growing vehicle market in the world and it has become the fourth ...
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