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Saturday, April 11, 2009

JD Power Asia Pacific prediction: Economic slowdown in new vehicle sales in China down

By Zou cheaponsale

Just over one quarter, although the rate of the car sales data out, but the March 31, according to JD Power Asia Pacific, prediction, compared with 2008, because of China's economic slowdown in vehicle sales in 2009 of young drop two prediction percentage points to 8.57 million. Passenger car sales will reach 5.83 million, down one percentage point year-on-year.

Entry-level compact vehicles projected to grow 2%

It is reported that in 2009 China sales forecast for light commercial vehicles fell by almost three percentage points, reaching 2.75 million. And sales of passenger vehicles (including cars, MPV and SUV) will reach 5.83 million, compared with 2008, down one percentage point.

"All the way one time warm Chinese finances is because of smaller international demand slow down," JD Power Asia Pacific, Michael Dunne, organising controller of Chinese believe, "January this year, the major trade items commerce of the ring than the 17 per hundred down turn, after the peak 10 in 2008 months up to 20% growth. However, when contrasted with other worldwide markets, China's vehicle market is still shown, in specific, the Government has lately presented a sequence of principles have been motivating - encompassing the support of small-displacement vehicles, and ecological defence principles - will be to double-check that the sales of the year 2009. "

Adjust the pay for of new motor vehicle duty and fuel duty will enhance the demand for tiny motor vehicles moved ahead change. Especially when weighed against with 2008, this entry-level compact motor vehicle sales prediction to develop by 2%. In show up, sales of greater vehicles - embracing the compact and midsize motor vehicle - will be down 3%, respectively, and 4%.

China stays the world's second greatest market in sales

In 2009 even though sales fell a prediction, the Chinese auto market after the United States is still the world's second largest market in sales. To help vehicle manufacturers a better insight into rapidly changing in the Chinese automobile market, JD Power Asia Pacific, will be released in June this year, China carried out its first new research results of potential customers. The study included 32 Chinese cities, covering China's first-line, second-line, three lines on behalf of the city to visit potential customers new Chinese consumer psychology, attitudes and behavior.

Chinese research on new potential customers a pre-preliminary investigation revealed that one-third of China's potential customers is a brand new awareness of the "car enthusiast." And "conservation-minded customers," the same proportion of one-third. According to statistics, in China, more than 80% of new car buyers are first-time buyers. - 18762

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