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Foreign car brands expand their market share in China
Date:2015/03/02

Multinational carmakers overcame the slowdown in China's economy last year, expanding their dominance in the world's largest car market relative to Chinese competitors.

China's Automobile Industry Association (Chinese Association Automobile Manufacturers of) said yesterday that China's passenger car sales grew 9.9% to 19 million 700 thousand vehicles. That's well below the 16% year-on-year growth in 2013, when China's car sales were 10 times that of India.

Overall car sales, including buses and trucks, rose 6.9% year on year to 23 million 500 thousand vehicles. The China Automobile Industry Association predicts that China's auto market will increase by 7% this year to more than 2500 vehicles.

Chinese carmakers blamed last year's overall slowdown in the world's second biggest economies on poor sales. Last October, the Chinese government reported an economic growth of 7.3% in the third quarter of last year, the lowest in 5 years.

Chinese brand car sales fell by more than 17% year on year last year, giving local brands a market share of only 22%, compared with 27% for German brands.

Dong Yang, secretary-general of the China Automobile Industry Association, said the Chinese drivers were not aware of the progress made by domestic brands last year. "They raise quality and lower prices," he says. "But the Chinese care too much about foreign brands."."

BMW, among other world's most famous car companies, has also been negotiating with China for economic growth as it seeks to increase rebates and reduce sales targets, according to BMW.

Volkswagen reported last weekend that sales in China grew by 12.4% to 3 million 670 thousand vehicles. Yesterday, the Jaguar Land Rover (Jaguar Land Rover) said its sales in China surged 28% year-on-year, while the total sales growth of 9%.

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Harbin Ai Rui emissions control technology Limited by Share Ltd

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