AIR+18 Sep 2018

Chinese motor industry faces structural challenges

| 18 Sep 2018

According to the China Association of Automobile Manufacturers (CAAM), domestic vehicle sales increased 3% y-o-y in 2017, to 28.88m units, a sales increase far lower than the 10% rise seen in 2016. The slower growth was due to higher taxes on smaller cars and subsidy adjustments on electric vehicles. Passenger car sales increased 1.4% (among those SUV sales rose by 13.3%, to 10.25m units), while sales of minibuses/multi-purpose vehicles dropped 20% and 17% respectively. Commercial vehicles recorded robust demand with sales increasing 14%, to 4.16m units. In 2018 it is expected that vehicle sales will increase as much as 5% y-o-y.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here Trial Access

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments

Other News

Follow Asia Insurance Review