China's imports of automobiles are likely to surpass 360,000 in
2008, up 20 percent year-on-year, the China Trading Center for
Automobile Import (CTCAI) forecast in Beijing.
The center ascribed the robust growth to the country's stable
economic growth, release of new auto models, and upgrading of
automobile consumption in the domestic market.
A report released by the CTCAI showed that Sports Utility
Vehicles (SUVs) would continue to be the most popular imported cars
in the domestic market.
Official figures showed that from January to November in 2007,
the number of imported SUVs rose 65 percent year on year to
Japan, Germany, the Republic of Korea and the US were the major
sources for China's imported cars. A total of 42 percent of sedans
were imported from Germany and 48 percent of SUVs were imported
Customs statistics showed that in the first 11 months in 2007,
the number of imported vehicles stood at 277,093 units, up 37.6
Chinese auto sales are likely to hit or surpass 10 million units
in 2008, Cai Weici, vice chairman of China Machinery Industry
Federation (CMIF) forecast on Monday.
Official figures revealed that the country turned out 8.88
million automobiles in 2007, 22.02 percent more than the previous
year, surpassing the eight million prediction made at the beginning
Statistics showed that sedans of domestic brands had taken one
fourth of the Chinese market.
(Xinhua News Agency January 23, 2008)