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Top Automotive Players Are Big in...China

Last year, China became the world’s greatest automotive market and the effects are starting to show. Top automakers’ 2009 sales reports for the world’s most populous country reveal a strong growth when compared to the 2008 statistics, as reported by SinoCast via Gasgoo.

The greatest increase, a indescribable 93,6 percent, was posted by Beijing Hyundai Motor Company and can be translated into a figure of 570,000 units. Hyundai Motor Company and Kia Motors Corporation reported sales of 800,000 vehicles for 2009. Furthermore, on January the 4th 2010, Hyundai Automotive group has presented its ambition plan of increasing its global sales for the current year by 17% to 5.4 million vehicles, with a strategy based on eco vehicles.

U.S. distressed General Motors Corporation comes second in this statistic, with a 66.9% increase, to an overall 1.8264 vehicles sold.

Ford’s joint venture, Chang’an Ford Mazda Automobile Co, Ltd. showed an increase of 50%, selling 316,000 vehicles. Ford Motor Company achieved a sales figure of 440,600 units - a 44% increase.

Volkswagen offered an official sales figure for the whole group of 1.4 million vehicles, 36.7% more than its 2008 sales. The Volkswagen brand itself saw its sales rising 32.4% to 1.12 million vehicles, the premium brand Audi posted a sale increase of 32.9 % - to 160,000 units - and Skoda more than doubled its sales (106.7%!) to 122,556 units for 2009.

Toyota Motor Company presented a sales figure of 709,000 units for the Chinese market in 2009, which represents a 21% percent year-to-year increase.

This financial crisis-defying economic achievements have happened partly thanks to the Chinese Governments’ small tax policies and incentive programmes for the automotive sector. Some of these are no longer available in 2010, but experts predict that this will not seriously affect the sales, as the cited source reports.

I wonder how many professionally unsatisfied employees in the automotive sector worldwide wish they were working in China right now.
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About the author: Andrei Tutu
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In his quest to bring you the most impressive automotive creations, Andrei relies on learning as a superpower. There's quite a bit of room in the garage that is this aficionado's heart, so factory-condition classics and widebody contraptions with turbos poking through the hood can peacefully coexist.
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