China’s car market firing again on all cylinders

CHINA
China’s car market firing again on all cylinders
China’s car sales pace, instead of slowing as earlier expected, is accelerating
Published: Thu 31 Oct 2013 18:36:00 GMT
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China’s car market makes a habit of defying even the most optimistic predictions. This year’s underlying car sales pace has not slowed to walking pace as earlier predicted, but instead has picked up added pace during the summer months

Far from slowing, as generally expected during the early part of this year, China’s car market has picked up added pace during the summer months, prompting previously cautious forecasters to revise upwards earlier demand forecast for this year.

12-15%
AID’s latest full year car sales growth forecast

At the very beginning of the current year 5 per cent car sales growth at best was what some observers hoped for.

Three quarters through the current year, AID’s latest forecast is for between 12 and 15 per cent full year car sales growth...more

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DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

CHINA new CAR sales:

by manufacturer and marque
SEPTEMBER 2013 v SEPTEMBER 2012
9-MONTHS 2013 v 9-MONTHS 2012

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