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China becomes world's biggest car market

Monday 11 January 2010, 08:17
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China sold 13.6 million cars in 2009 making it the world’s largest market for new cars in the world and overtaking the US which sold 10 million.

China’s retail car sales were 53% higher in 2009 than in 2008 and Shanghai Automotive Industry Corporation, owner of MG Rover, and its three joint ventures with other manufacturers sold the most cars last year.
 


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Your comments:
Well, I was in China at Christmas and took the opportunity to visit many dealers (as my sister was buying a new car). There is massive opportunity. Dealer standards are way lower than the UK, processes are non-existent, the market is immature with very few finance products and many customers (with loadsa money!!!) are naive compared to the UK.

I would suggest there is a massive area for improvement and as the market develops many will make their fortune. There are twice as many brands and models available as in the UK. Foreign brands a real premium, for instance BMW 2.0i 4dr starts at near £35k, Passats are around £25k and the car my sister chose (Skoda Superb - eh?) also £25k. But hell, people have money so want cars for status.

No poxy diesels, all big engined petrol models, eg: the X5 is NOT 3.0D, but 4.4 V8. No hybrids. Many Chinese brands, but buyers with money look down their noses at these.

Within 1 km of my mums house (in Chengdu a city of 15m people) there are loads of new dealerships inc a Ferrari dealer 5 mins away. Gotta laugh.

Anyone who thinks China is behind the UK needs to take a pill.

Ling


LINGsCARS
12 January 2010, 16:31

What did I drive? You are joking, driving standards are double-shit. My sis got lost and ended up driving the wrong way up a dual carriageway, but that is considered part of life. You need a LOUD horn.

Me... I got around on the No.5 bus, hahaha! It is 10p for any journey.

Ling

LINGsCARS
12 January 2010, 16:34

I also saw a lot of those Roewe/MG 550s. Not nice. A very sharp crease just below window line. Already some cars look tatty, matt paint, very beige interiors and very plastic. Nothing like a Lexus IS at all. These are not premium cars.

I really hope they improve the quality if they bring them to the UK. Reminds me of a Kia Magentis thing.

LINGsCARS
12 January 2010, 16:48

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