Domestic Vehicles

Research report on the vehicle industry to Chinese passengers

In China, the definition of the passenger car refers to vehicles used to transport passengers and baggage or personal association with the temporary and more than 9 seats including the driver's seat in the design and technology. The passenger vehicle includes cars, mini cars and passenger cars to light with less than 9 seats. The passenger vehicle can be broken down into basic passenger vehicle, multipurpose vehicles, sport utility vehicles, passenger vehicles and special vehicles passengers cross. ( http://www.bharatbook.com/Market-Research-Reports/Research-Report-on-Chinese-Passenger-Vehicle-Industry.html )

In 2008, sales of passenger vehicles totaled 6.7556 million Chinese young of the year by 7.27% with the growth rate by 14.41% over the previous year. Among the main types of tourism, vehicles growth rate of passenger vehicles of the Red Cross has been slightly increased, but the growth rate of the base cars and sport utility vehicles has been greatly reduced. The growth rate of multi-purpose vehicles cut for the first time since 2005, whose performance was depression. In 2008, yields and sales of passenger cars based Chinese fashion were 5.0373 million and 5.0469 million respectively, up 5.00% and 6.78% respectively, and the growth rate sharply cut decrease compared to 2007. Yields and versatile truck sales were 191,700 and 197,400 respectively, which decreased by 14.68% and 12.56% respectively compared to 2007. Yields and sales of sport utility vehicles rose 24.41% and 25.28% to 448,000 and 447,700 respectively, with the growth rate down from 26.80 and 24.81 percentage points compared to the year. Yields and sales of passenger vehicles were crossed 1.0607 million and 1.0636 million, up from 6.22% to 7.67% last year, with growth rate in operating the line the previous year.

To propel the development of Chinese vehicle industry, the Chinese government has approved the revitalization plan for adaptation and vehicle industry in January 2009 and officially issued in March 2009, including: reducing the tax on the purchase passenger vehicles, down 5% tax on the purchase of cars with emissions of less than 1.6 liters, accelerate the replacement and abandonment of older vehicles and the development of systems of credit loan fuel consumption, standardizing and promoting the development of second-hand market for cars, supporting mergers and acquisitions between Chinese companies vehicles, promoting use of energy saving and energy and the development of new vehicles registered independent vehicles, etc. In recent years, there was great development space for Chinese vehicles with low emissions. It is expected that by 2012, cars with emissions less than 1.5 liters will represent over 40% market share, passenger cars with emission below 1.0 liter accounting for 15% market share. Sales of new energy vehicles will represent 5% of total sales of passenger vehicles.

The concentration of Chinese industry of vehicles will be gradually improved. Through mergers and acquisitions, China will be in Form 2 to 3 large vehicle companies with returns and sales exceeding 2 million, 4-5 vehicle companies with returns and sales of over $ 1 million. The number of vehicles of firms accounting for market shares of over 90% efficiency and scales of production will reduce to 14 at present to less than 10.

In January 2009, sales of domestic Chinese.