Despite higher consumption taxes on big-engine cars, rising gas prices and tighter bank lending, first-half passenger car sales have seen 50% growth over the same period a year ago.
Total vehicle sales - cars, trucks and commercial vehicles - could see growth of 74% of about 6.9 million units over 2005.
Car prices are cheaper now than year previously in China. And the Chinese have more money to spend. No mystery here as to why they would want to buy a car, eh?
However, it is no longer the coastal cities that are seeing growth but the second-tier cities such as Chengdu and Chongqing that are scarfing up the vehicles.
The average entry-level compact in China ranges from $8,000-16,000...abt 28% cheaper than five years ago.
An estimated 100 million Chinese families how EACH have savings in excess of $7500.
Additionally, the number of model choices has expanded to about 25 - the Chery QQ and Honda's Fit.
I remember when I was a kid growing up. One of the first things I wanted was my own car. It meant mobility, independence, the ability to explore...all sorts of things.
Perhaps, in some respects, China's middle class is growing up, too.
Why wouldn't they want a car?
What do you think?
go to 老毕看中国
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