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Premium brands auto in China

 
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simily simily
New User | Posts: 1 | Joined: 05/12
Posted: 05/02/12
11:07 PM

“Premium brands in China are set to register higher growth rates than those seen in the mainstream market over the next five years,” Namrita Chow, Analyst, IHS Automotive said in a report, with sales in the luxury segment set to grow by a cumulative 139 percent between 2010 and 2015.Dieter Zetsche, Chairman of the Board of Management at Daimler is also confident that growth in the luxury segment will outpace growth in the broader auto market.“We expect the total market to grow by 5 percent, and the premium market to grow by 15-20 percent,” he told CNBC on the sidelines of the Beijing Auto Show on Monday.Overall car sales in the world’s largest market have slowed since last year after the government rolled back auto purchase incentives, and major cities including Beijing limited the issuance of new car license plates to ease traffic congestion.

In January-March, total vehicle sales fell 3.4 percent from a year earlier to 4.79 million vehicles, while sales of passenger cars dipped 1.3 percent to 3.77 million vehicles.On the other hand, demand for luxury cars is being driven by the nation’s burgeoning young and affluent population, particularly 25-35 year-old males, who are looking to display their wealth and “make a statement”, Chow said.China’s premium market has expanded rapidly in the last decade, with fewer than 10 brands and total sales of around 45,000 in 2001 to over 20 players and total sales of over 735,000 in 2010, according to IHS.

The country is already the second-largest market, after the U.S., for Ferrari. The company posted a 77 percent increase in sales in China in 2011 from the previous year and CEO, Amedeo Felisa told CNBC he expects that growth momentum to continue. More info,you can visit:china market research  

Austin.Cooper Austin.Cooper
Moderator | Posts: 319 | Joined: 11/08
Posted: 05/03/12
11:12 AM

China might believe life is great with the introduction of the automobile.  I don't know how long their enthusiasm will last though until the traffic, noise, pollution, gas prices and a land mass smaller than the USA makes them think again about automobiles?  
Austin Cooper

JimmyHelu JimmyHelu
New User | Posts: 15 | Joined: 07/12
Posted: 07/22/12
05:41 AM

I can show this to be the case. The new Malibu is selling less than the Old Epica. And that saying something when the Epica only sells 2,000-3,000 units a month.  

JimmyHelu JimmyHelu
New User | Posts: 15 | Joined: 07/12
Posted: 08/03/12
01:12 PM

Another Chinese sedan looks to be ready to enter the local market – reader Caddilac Wong spotted an example of the Chana Alsvin in Johor, and has kindly sent us photos of the parked trade-plated vehicle.  

crazyphoebe24 crazyphoebe24
New User | Posts: 1 | Joined: 01/13
Posted: 01/24/13
02:18 AM

If you have a thing for cars then you must have the mobile app called CarCrazee.

This photo sharing app allows its users to take a snapshot of their beloved car and have it uploaded to share with the community of car enthusiasts.
With this app also you can browse through what others brag about their favorite automobile/s.

This FREE app is available on the iTunes App Store and here: http://goo.gl/gBmjo Get it now!Smile  

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