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Delhi, New Delhi, India, 2006/08/01 - Easy availability of car loans, besides several other factors, helps boost the sale of passenger vehicles in China..
During the year 2005, there was a growth of 19% in the registration for passenger vehicles in China. About 3.90Mn units were sold in 2005, however, it’s likely to touch the mark of 4.9Mn units by the year 2010.
A few of the reasons behind the growth of passenger vehicle in china include easy availability of auto loans, increased purchasing power & changing consumer preferences, automotive consumption policy and Chinese government’s expansive road infrastructure plans.
In China, both output as well as sales of passenger vehicles, including minivans, cars, multi-purpose vehicles and sport utility vehicles, grew at a phenomenal pace in 2005.
Market research report “China Automobile Industry Forecast (2006-2010)” by RNCOS provides an analytical view of the China automobile industry. As per the report, “Passenger vehicle production grew to 4Mn units in 2005”.
“In conjunction with the growth in passenger cars segment, registration of passenger cars is likely to cross the mark of 4.9Mn units by the year 2010”, as per analysts at RNCOS.
This report will help you find out answers for some critical questions such as:
• What is the global perspective of the China automotive industry?
• What are the dynamics in China’s automotive industry?
• How does the automotive industry in China perform on the basis of product segments?
• What are the Success & Sensitivity factors for the automotive industry in China?
• How do different companies compare their position in China’s automotive industry?
Who should read this report?
This report is an excellent decision making tool for the business analysts, consultants, investors and top management operating in the automotive industry who are closely following the developments in China’s automobile market. Also, it’s an excellent guide for students looking for some material like market research on China Automobile Industry.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.