PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Competition Heats Up in Chinese Passenger Car Segment - Owing to the price war, passenger car sales in China raised much above analysts' expectation during the initial six months of the year 2006.
Competition Heats Up in Chinese Passenger Car Segment

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2006/10/05 - Owing to the price war, passenger car sales in China raised much above analysts' expectation during the initial six months of the year 2006..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

In spite of brisk sales in the 1st half of 2006, price competition continues to heat up in the passenger car sector in China. To lure customers, carmakers have slashed prices by as much as ten percent. Besides this, newer models are also priced much below expectations.

Recently, Shanghai BeiXiang Co Ltd distributed pamphlets showing a discount, in the range of 10,000 Yuan and 15,000 Yuan, on the range of Hyundai Sonata. However, the selling price of this brand is between 139,800 Yuan and 177,800 Yuan.

Price war in the car market in China became aggressive at the time of the downturn, 2-years ago, when the government had tightened financing services for car purchases. Car sales, however, recovered during the 2nd half of the last year (2005) amidst the economic boom in the country. In China, sales of vehicles rose by around 27 percent annual to 3.54Mn units during the 1st half of the year 2006. Sales of passenger cars surged by almost 37 percent making it to 2.51Mn units.

RNCOS has recently published a report "Passenger Car Market: A Global Review (2006)". According to this report, "There's been a strong growth in the sales of passenger cars in China during the recent years. Rising incomes, easy availability of loans and reduced tariffs accompanied by China's admittance to the WTO (World Trade Organization) have resulted in slashed domestic prices".

"Price war in China's passenger car segment demonstrates that there's a highly competitive landscape in this market, which offers a wide variety for consumers to choose from", said an industry expert at RNCOS.

The Report Includes:

- Performance of major developed and emerging countries in the passenger car Industry
- Opportunities before the automobile players in the passenger cars industry
- Key challenges faced by the passenger car industry worldwide
- Key competitors in Global Passenger car industry.

The Report is Intended for:

- Decision-makers, consultants, analysts and researchers having interest in Global passenger car industry
- Investors keen on investing in this sector.

About RNCOS

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.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Competition Heats Up in Chinese Passenger Car Segment

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

Frost & Sullivan Honors Interstate Batteries® as the Overall Best Brand of Automotive Batteries in the United States
R&D on Autonomous, Connected, and Electrification Technologies Creates Double-digit Growth Opportunities Finds Frost & Sullivan
Adoption of Integrated Gamification Technologies Boosts Growth in Automotive Ecosystem Finds Frost & Sullivan
RevMotiv Technology Co. and Lingzhong Technology to Create Electric Motors for Public Buses in China
MAN Group Unveils New MAN Vehicles Equipped with RIO Box as Standard
Frost & Sullivan Honors Greenlots with its Product Leadership Award
Frost & Sullivan Honors IriTech for Leading Iris Biometrics to New Frontiers in Mobile, AR/VR and Automotive Markets
Corporate Mobility Solution Providers Leverage a Sophisticated, Partnership-based Ecosystem Finds Frost & Sullivan
eRetailing, Telematics and Service Aggregation Boost Evolution of Global Automotive Aftermarket in 2017 Finds Frost & Sullivan
Frost & Sullivan Names Drivewyze Company of the Year
Auto Hrvatska, Croatian Importer of MAN Truck & Bus Celebrates its 65th Anniversary
Original Equipment Service Providers in the CV Aftermarket to Edge Out Independent Aftermarket Participants Finds Frost & Sullivan
Frost & Sullivan Commends High Mobility's Potential to Disrupt the Connected Car Market
Beam Axle Market to See Incredible Growth During 2017-2025 Says Persistence Market Research
Suspension Ball Joint Market Rugged Expansion Foreseen by 2025 According to Persistence Market Research

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)