China Car Market Up 10% by the End of 2013

Volkswagen Santana 1 photo
Photo: Volkswagen
It seems that along with the US and Russia, one of the most stable and fastest-growing car markets in the world is that of China. Withsales increasing by 4.3% last year, a total of 19.3-million automobiles were sold in the PRC - a huge number, which has been growing steadily over the last five years.
For this year, a growth figure closer to 10% is expected, despite the fact that the Chinese government is already trying to limit car ownership among its citizens, as pollution and traffic reach dangerous levels. However, the China Association of Automobile Manufacturers also predicted a 8-10% increase for last year, and in the end the actual figure was just half that - they may be wrong for this year, as well.

Back to 2012, apparently only 10 of the largest 25 automakers in the country managed to hit their sales target, yet it will be the foreign manufacturers who will push the overall sales figure ever-higher, as they don`t seem to plan a slowdown of their relentless expansion, any time soon.

One thing remains certain, even in a worst-case scenario, more than 20 million cars will be sold in China, by the end of 2013.

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