Industry Analysis & Industry Trends
Revenue for the Automobile Manufacturing industry is expected to total $559.8 billion in 2014, up 11.3% from 2013. Industry revenue has been increasing at an annualized rate of 14.2% during the past five years, driven by rising domestic demand across urban and rural areas and increasing exports.
Industry profitability was relatively low in 2008 at 6.2% of revenue, due to weaker local demand, falling prices, rising production costs and increased sales of low-priced and low-profit cars. Since then, however, profit margins have been widening as the industry benefited from booming automobile sales growth. Profit is estimated at 10.8% of revenue in 2014.... purchase to read more
Industry Report - Industry Analysis Chapter
Revenue for the Auto Manufacturing industry in China is expected to increase at an annualized rate of 14.2% in the five years to 2014.
Industry revenue increased significantly in 2009, by 34.8%. This was mainly due to favorable government policies that boosted growth across China's automobile sector. These included reductions in the automobile purchase tax, direct subsidies to rural households purchasing automobiles, subsidies to automobile owners replacing old autos with new ones, and the implementation of the Adjustment and Vitalization Plan for the auto segment.
The Chinese central government issued new favorable policies in 2010, following the expiration of its 2009 policies to stimulate and develop this industry... purchase to read more