According to J.D. Power and Associates, Chinese auto sales will grow with 11% in 2012, accounting for 40% of the automobile sales worldwide this year.
In 2011 China accounted for 24% of the global sales, and from 2011 until 2015 the country will make for 70% of all sales growth in Asia. To be more specific, turbocharged engine-powered vehicles will account for 25 percent of all Chinese passenger vehicles by 2018, and start-stop technology is expected to become more widespread in the future.
The country’s surging economy is significantly supporting industries like the luxury car market, BMW, Audi, Mercedes-Benz and many more aiming at the Chinese economy, the demand for German luxury cars eclipsing the European market. In 2012 sales will reach 17.9 million vehicles compared to 15.5 million in 2011.
“Growth in China will pick up again in 2012,” said Anthony Pratt, Polk’s director of forecasting for the Americas. “The growth there will be more a function of natural demand than stimulus, and the expansion in the second-and third-tier cities is a trend that’s going to continue to develop.”