The Chinese Automobile Industry has Witnessed a Sales Growth by 44.4% Year-on-Year

DUBLIN, Ireland--Oct. 7, 2005-- Research and Markets has announced the addition of China Automobile Industry (2005-2015) to their offering

China has established itself as the third largest automobile market since 2003 and is increasingly taking up the lead role in world businesses. The industry witnessed a sales growth by 44.4% year-on-year, the sales turnover of the Chinese automobile industry being 453.132 billion Yuan. In this context, a market research report "China Automobile Industry - A Sectoral Analysis (2005-2015)" has been published which gives an analysis of the automobile market across China along with statistical figures and strategies for investors.

Around the world as price of steel declines, auto enterprises are showing improved profits. It has been envisaged that the first million cars will roll out from China and then auto factories will be built in the US. This would call for an investment as much as 3.5 billion Yuan (US $422.9million). There is thus demand for new financial channels by private enterprises to enter the automobile industry. On the other hand, the Chinese consumers are demanding high quality cars so prices must be cut and costs minimized.

The market research report provides a survey of current initiatives and trials in the Chinese automotive sector. It deals with current standards and regulatory environment, statistics on demand and supply of small passenger cars and possibilities of international venture ship. The market research report gives an insight into the Chinese car vendors, their alliances, their positions in the world market and new product developments.

Companies featured in the report include:

- General Motors

- Ford

- Daimler Chrysler

- Volkswagen

- Toyota

- Nissan/Renault

- Honda

- Hyundai

- PSA

- BMW

- Fiat