China passenger car vehicle market ‘to continue upward trend’

20th October 2014 | 0 Comments

While some market analysts are pointing to the end of the 20 per cent annual growth “dream” attached to the seemingly perpetually growing Chinese domestic passenger car vehicle market, others point to the continuance of an “upward trend”. A new analysis of the automotive market in China produced by HIS should be counted amongst the optimists and suggests “significant growth opportunity continue in many of the country’s provinces, however, some provinces will start to see growth rates change significantly”. According to IHS Automotive forecasts, passenger vehicle volumes in the country as a whole are expected to rise more than 10 million units by 2026. And thus the detail is not as far apart from the opposing thoughts as it may first seem.

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Category: International News

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