China’s auto sales top the world by 2015,
By Ally From:
could overtake the United States as world’s biggest auto market
by 2015, an official from State Information Center said
This year China’s automobile sales are
expected to surge 17.7% year on year to 8.3 million units,
accounting for 12% of the global sales. Production may reach 8.6
million units; imports and exports are forecasted at 220,000 and
520,000 vehicles respectively by the end of this year, according
to State Information Center.
Auto sales in China have doubled in the
past six years. In 2003 China surpassed Germany becoming world’s
third largest vehicle market. Last year China overtook Japan
becoming world's second largest vehicle market after the United
Over recent years, annual new vehicle sales in
the U.S. stand at approximately 17million units. China only represents
one half of this volume; however China is narrowing this gap by growing
20% annually. By 2015 China will catch up the U.S. in auto sales.
Japan and Germany are forecast to lag far
behind China with their annual vehicle sales maintaining roughly at 5
It is also worth nothing that while market
share of A-segment vehicles (including A-, A0 and A00) continuously
declines in China’s auto market, B- and C segment vehicles are taking
bigger market shares.
Market share of A-, A0- and A00-range vehicles
were 48.6%, 20.8% and 7.9% in the first half year, down from their
record 54.3%, 27.6% and 10.6% respectively. B-segment vehicles have a
market share of 18.6% in the first half year compared with its 12.3% in
year 2000. C-segment held 6.5%, while it was 5.9% in 2004.