E-MAIL
China got a very good auto sales result at last year and pushed the automotive industry to number one spot in the world. In the year of 2010, many auto experts have great confidence on Chinese market despite the consumption tax increases. Many auto consumers in China are still keen to drive a new auto before the Chinese traditional spring festival. Most of them believe that the hike in consumption tax means paying about a thousand yuan more. In fact, that is not too much.
Last year, the Chinese government adopted several measures to push the auto sale, including tax reducing, auto trade-in, providing subsidies, etc. These measures will be continuously carried out in this year. Hence, the demand will keep growing and the auto supply will still fall short of demand in the short term.
According to the report from China Association of Automobile Manufacturers (CAAM for short as below), many domestic automakers plan to raise production by more than 10 percent because they look forward to strong sales for the year. Shanghai Automotive Industry Corporation, FAW, DFM, Chana etc are optimistic about the year"s sale. All of those manufacturers will see a double digital growth in 2010.