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Chinese brands see pricing danger from global automakers

Chinese brands see pricing danger from global automakers

According to the leader of the Chinese state-backed automotive industry group, the local brands are now in danger of once more losing market share as foreign carmakers have initiated a pricing competition to lift lagging sales. Dong Yang, secretary general of the Chinese Association of Automobile Manufacturers, has shared his […]

China: auto sales growth slowing to 7% in 2014

China: auto sales growth slowing to 7% in 2014

The chief of a Chinese auto industry body has predicted that the world’s largest auto market – China – could face a slowing sales increase this year because of an equally dwindling overall economy. According to Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), who was […]

China: automotive body predicts a slowdown in sales

China: automotive body predicts a slowdown in sales

The Asian country, the largest single automotive market in the world, has seen its first half sales rise from the record level set last year, but now the state-backed auto association is predicting a change. Though the new car sales trend will remain positive, because China’s economy is also slowing […]

Report: China car market to grow 10 percent in 2013

Report: China car market to grow 10 percent in 2013

China car sales mai increase by up to 10 percent in 2013, despite fears of new government policies to limit car ownership, according to a report from the South China Morning Post cited by Just-auto.com. China sales rose last year by 4.3 percent to 19.3 million, half the forecast of […]

New car sales in China start growing again

New car sales in China start growing again

New car sales in China rebounded in October but Japanese brands continued to fall amid a territorial dispute between Beijing and Tokyo. Auto sales in the world’s biggest auto market rose 6.4 percent to 1.3 million vehicles, according to China Association of Automobile Manufacturers (CAAM). The result represents a recovery […]

China posts first drop in auto sales in nine months

China posts first drop in auto sales in nine months

Chinese car sales declined in September as customers avoided Japanese brands following the territorial dispute between Beijing and Tokyo. On Wednesday, the China Association of Auto Manufacturers said sales of passenger cars fell 0.3 percent from a year earlier to 1.32 million vehicles. Other foreign and major Chinese manufacturers reported […]

New foreign auto investment rules begin in China

New foreign auto investment rules begin in China

China is no longer offering support for foreign investment in auto manufacturing as new rules took effect on Monday which seek to encourage domestic automakers. The National Development and Reform Commission (NDRC) and the Commerce Ministry released new guidelines on December 30 that signal an end to incentives for foreign […]

New car sales up 0.29 percent in China in November

New car sales up 0.29 percent in China in November

Car sales in China increased 0.29 percent in November from the same month last year, fueled by year-end promotions offered by car dealers. More significant growth is expected in December, when automakers and dealers usually offer aggressive discounts in order to meet their annual sales targets. A total of 1.34 […]