The international financial crisis in 2008 has severely affected the global car industry. Largest automobile companies lost their four previous prosperity and sought Breakout to save them. There is no exception for China's auto industry, which is still in a period of increase.

In 2008, Chinese yields were 9.3451 million automobiles, rose 5.2% last year. However, the decreased rate of growth in a 16.8% last year. The total car sales reached 9.38 million, increasing by 6.7% compared to 2007, but the growth rate decreased by 15% compared to 2007. There was a strong reduction in the benefits of Chinese automakers.

In 2008, FAW Volkswagen, Shanghai Volkswagen and Shanghai GE was the first three volumes of sales, respectively, in the Chinese automotive market. However, the independent brand, as Chery, fell into the market shares, total represents only 25.92% in total car sales.

A To promote the development of automobile manufacturing in China in the international financial crisis, the Chinese government approved plans to revitalize the industry automobile in January 2009. The main contents concluded: the reduction of purchase tax on cars with low emissions, giving subsidy policy to purchase the specific objectives to promote the consumption of cars, encouraging mergers and acquisitions in the automotive industry support for China's automakers to develop independent innovation and technical reform, promoting the development of electric cars powered and its essential accessories, support for China's automakers to develop independent brands, accelerating the construction of the export base cars and accessories.

In comparison to international models of cars, China is becoming the manufacturing center and the cost center. In the current circumstances, China's auto production has an advantage of low cost compared to developed countries. However, various costs are increasing in the Chinese automotive industry. In regard to accessories, China has no advantage in high-quality accessories. Accessories medium quality have been developed in recent years. China has to compete with India and Vietnam in the manufacture of low quality, such as batteries and tires, etc

Since the automobile industry of China, the international financial crisis is not only challenges but also opportunities. Chinese car market has huge development potential in the field of mergers and acquisitions, automotive accessories and energy.

Analysts of our company cooperated with Chinese experts in the automotive industry to write this report, with the aim of assisting national and international people to tide over, to identify opportunities in the Chinese market and meet the challenge of international financial crisis.

Readers can obtain more following information in this report:

– Production and sales of China's automobile industry

– Import and Export Industry China car

– Factors favorable for the development of Chinese automobile market

– Factors unfavorable to the Chinese Market Development car

– Forecast sales volumes of the Chinese Automobile, 2009-2012

– Influence of the international financial crisis in the local Automobile Manufacturers in China

– Influence of International Financial Crises abroad Funded carmakers in China market

– Import and Export Trends

– The sales targets for the major international automobile companies China, 2009

– Short, Medium and Long-Term Influences of plans to revitalize the automobile industry in China's automotive industry

– Opportunities subsisting Chinese automotive industry in the Financial Crisis

  

If you are interested in this report, please see Report of the Chinese automotive industry in International Financial Crisis of 2009 for details

About the Author:

Alice is an industry analyst in this field for more than 5 years with depth insight in the recent market trends. Based on the database, Interviews and research methods from China Research and Intelligence, she analyzes the development and opportunities in this industry clearly.

Article Source: ArticlesBase.com – Report of Chinese Automobile Industry under International Financial Crisis, 2009

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