New Report Details Roadmap for Chinese Vehicle Market to 2020

LONDON, England, July 1 -- Twenty years after moving from planned to market economy, China is the most explosive new vehicle market on earth. While there is no doubt that China's transition to a developed vehicle market will have an immense impact on the global automotive industry, will the growth continue or is there a major re-alignment waiting just ahead?

Max Pemberton, author of a new long-term forecast of the Chinese automotive industry, doesn't think so: "China is making progress far faster than most people would have believed even two to three years ago - we are forecasting annual vehicle sales reaching 15.6 million units by 2020, a massive 649 percent rise from 2000 levels. However, even this growth will only raise the level of motorisation in China to just over developing country level. If the infrastructure can be built quickly enough to support it, we believe China will overtake Japan as the world's second largest producer by 2014, and become the world's largest by 2020. It will also have the world's second largest vehicle parc by 2015, ahead of Japan. "

He continues: "The recent moves to cool the Chinese economy down to a compound annual growth rate of seven percent should be applauded, but even at that rate GNP doubles every ten years, so market performance will still be impressive. These levels of growth have easily been achieved in other countries making the transition from developing to developed status, so our outlook remains firmly positive."

The implications, market drivers and scope of a future massive Chinese vehicle market are covered in Max's recently published China Strategic Market Profile, a brand-new forecast of Chinese automotive and related activity to 2020. Based on his unique relational long-term forecasting model, it forecasts car and CV sales, demographics, materials usage, auto industry employment, and explains their inter-relation with detailed analysis.

The report costs GBP395 and is available immediately.

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Autelligence is a UK-based automotive industry research and analysis company that publishes and markets automotive industry reports on a wide range of areas including long-term market forecasting, supplier benchmarking, branding, retailing, components, and customs. For more information on Autelligence please visit http://www.autelligence.com or telephone +44-(0)-207-734-9009.

For further details, please contact Soren Sarstrup on +44-(0)-207-734-9009 or email info@autelligence.com.