Industry Analysis & Industry Trends
The Motor Vehicles and Parts Wholesaling industry in China has developed strongly in recent years with the expansion of the automobile and motorcycle manufacturing industries. Until recently, customers had a relatively small choice of vehicles for purchase, but are now empowered by an ever-widening range of motor vehicles, including sedans, SUVs, MVPs, 4WDs, hybrid and other vehicles and associated parts.
Foreign brands currently dominate the market, accounting for about 70% of China's car sales in 2010. However, domestic manufacturers are continuing to increase output, marketing and sales, as they expand their product lines in the medium- and lower-end automobile segments.
In 2011, industry revenue is expected to increase by 8.9% to $466.85... purchase to read more
Industry Report - Industry Products Chapter
Passenger vehicles are the main segment in this industry and are forecast to account for 45% of total industry revenue in 2011. Passenger vehicles include sedans, MPVs (Multi-Purpose Vehicles), SUVs (Sports Utility Vehicles), and cross-type vehicles. At present, market demand for passenger vehicles is increasing steadily as automobile manufacturing in China develops and expands strongly. Therefore, this segment will grow strongly in future years as the Chinese economy develops.
Commercial vehicles are also an important segment in this industry, and are forecast to make up 17.5% of industry revenue in 2011... purchase to read more