Our patent-pending China sales oracle is in top form. As predicted, the Chinese market awoke from the doldrums in June and rose 6.2 percent from a year earlier to 1.11 million units. This according to a data released today by the China Association of Automobile Manufacturers (CAAM).
Auto production in the first six months came in at 9.16 million, up 2.48 percent from the previous year. Sales in the first sic months were 9.32 million, up 3.35 percent from the previous year. The association expects the second half of the year to be better.
I’m just going to post this to make sure Bertel’s ego doesn’t get bruised by having no responses… :)
I wonder if they could define how many sales were to first time buyers versus replacement vehicles? That could give you a snap shot of the future growth potential of the China market.
If it wsan’t for that bizarre ideology known as communism, China would have been number 1 by now. Good Nixon persuaded (forced?) them to open up in 1972. Which they did 7 years later.