ANALYSIS-MARKET-TRENDS

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In the past few years, precisely after its accession to the World Trade Organization (WTO) in 2001, China has seen a phenomenal growth in its automotive industry.
 
As the country’s economy is growing steadily and it has a vast consumer base with increasing disposable income, changing lifestyle and rapid development in road infrastructure, China has become a renowned name in the global automobile industry, says "China Automobile Sector to 2010”, a new market research report.

The report is a work of intensive research and objective analysis on the growing automobile industry, market players and future prospects in China. It discusses the past and current scenario of China auto industry with detailed data and analysis to help investors identify the opportunities in this evolving market.

Key Findings

• It is projected that China will add 33 Million automobiles during 2008-2010.
• Passenger car production in China is expected to cross 7 Million Units in 2008.
• Passenger car stock per 1000 population is likely to increase at a CAGR of 19.8% from 2008 to 2012 in China.
• Sales of commercial vehicle in the country are forecasted to grow at a CAGR of around 5.5% during 2008-2010.
• Based on the past performance, it is projected that passenger car sales will cross 11 Million Units in 2010.
• Sedan will be the preferred segment among the Chinese consumers during the forecasted period.

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