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China auto market surges in this year and its sale is expected to reach 12 million vehicles. In the past few years, the market maintained a rapid growth rate with more than 20 percent. Experts predict that China auto market will run in a fast track in the next five to ten years and its average growth rate will reach 15 to 20%.
There are several reasons to keep it growth. Firstly, robust domestic demand. The lifestyle of Chinese people greatly changes now and the living scope becomes larger and larger. Auto is one of the important factor in the life. Secondly, income level. It strongly supports the auto growth. Thirdly, consumption pattern. Currently, people prefer spend much money on leisure. Having leisure time and travel is very important. Hence, above reasons will boost confidence in auto market.