Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Automotive » Article
 

China's Car Industry On Fast Track




By James Marriot

The tremendous growth in the automobile industry in China has far exceeded the expert predictions after the country gained entry to the WTO in 2001.

Even if large numbers of foreign automakers are entering the China auto market giving stiff competition to the domestic carmakers, China is has been successful in establishing itself as a prominent market in automotives. Overseas carmakers are taking advantage of the potential of the car market with cost-competitive car-models.

China, today is the world's second—biggest market for automobiles. Growing maturity accompanied by increasing sales is China's paramount way to go ahead in the world auto market.

Globally, China is the second-largest market for passenger cars. The sales of passenger cars are expected to touch four million in 2006. However, previously just about one-fourth of Chinese customers had owned a vehicle.

Chinese car market grew largely in 2006, compared to the low growth over the years 2004 & 2005. China's automakers sold vehicles in excess of 6.45 million units, together with both commercial vehicles and passenger cars, till November 2006, a rise of 25 percent in 2005.

Producers of automobiles are rapidly recognizing Chinese customers as potential customers. More and more automakers are driving into the China auto market making competition stiff and costs of automobiles plunge.

According to RNCOS report on China Automobile Industry, the unpredictability of the Chinese consumer is a major concern for the manufacturers. The Chinese customer is not known for brand loyalty and the falling prices of the products have further added to their unpredictability.

For further information about China Automobile Industry please read the report "China Automobile Industry Forecast (2006-2010)" published by RNCOS at
http://www.rncos.com/Report/IM050.htm

RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports, please visit us at http://www.rncos.com/Report.htm or email us at info@rncos.com

To get the latest news visit our newly launched Blog section at http://www.rncos.com/Blog/
 
 
About the Author
We provide global business information for industry research, business consulting, & bring reputed companies and firms to us for business enhancement solutions.

Article Source: http://www.simplysearch4it.com/article/46853.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/46853.html" as shown above and make it hyperlinked.



  Some other articles by James Marriot
Russian Automotive Industry: Boom Or Bust?
Moscow recently hosted the 15th International Automotive Conference, which discussed the main developmental trends in the Russian automobile market. It is estimated that Russia's auto ...

Addressing A Shortage Of Hotel Rooms, Not People
As Indian economy is booming, the tourism industry is also growing and so is the number of hotel rooms. Overseas visitors are flooding the country to attend conferences, make important deals, ...

Fuel Cell Cars Approved For Zero-Emission Push
Environmental Protection Agency (EPA) makes it easy for the auto manufacturers to meet the target of zero-emission by vehicles. On Dec 23, 2006, officials of EPA (Environmental Protection Agency) in ...

Rising Use Of Biofuel May Drag Crude Prices Below US$ 40 Per Barrel
In New York prices of crude oil are expected to slide to US$ 40 per barrel, with rising supplies of biofuel shaving demand growth of traditional auto fuel, as per Tetsu Emori – chief ...

Japan Anticipates Indonesia Will Extend Its Gas Contract Soon
During his Japan visit in November 2006, President Susilo Bambang Yudhoyono gave indications about Indonesia's willingness to extend its gas contract that'll expire in 2011 with Japan. ...

Pharmaceutical Firms Will Adopt Backward Districts In India
Indian pharmaceutical companies may soon adopt the backward districts in the country. The companies plan to create drug banks and cater to the healthcare needs of the populace living in such areas. Department of chemicals ...

  
  Recent Articles
Fresh, Up-To-Date Automotive News
by Hernard B Garcia

Is DaimlerChrysler Facing Divorce?
by Anthony Fontanelle

How to get your kind of RV
by Alfred Anderson

Mobile Phones and Driving
by malcolm forster

Less than 150,000 Jeep Grand Cherokee Units Sold in the USA During 2006
by Al Harris

Concept Vehicles From Honda At 2007 Tokyo Auto Salon
by Joe Thompson

Sales Record Achieved by Land Rover… Again.
by Correy Putton

Mark Fields Decides Not to Use Ford's Corporate Jet
by Correy Putton

BBuy An RV And Hit The Roads For a Journey Of A Thousand Miles...
by Christine Macguire

Moving people better, Faster and Safer.
by Alvin A. ( eXtrme Driver)

Kia's Big Step Forward
by Correy Putton

Jaguar to Stay With Ford
by Correy Putton

Can't connect to database