China's Appetite For Cars Absolutely Ravenous: Up 104 Percent
Forget about the children starving down in China. Chinese are hungry for cars. And they are being fed.
Reports cited by China Daily and Gasgoo indicate a record November for China’s car sales, as predicted by TTAC.
Sales of passenger vehicles, including cars, multi-purpose vehicles (MPVs), sports-utility vehicles (SUVs) and minivans, more than doubled to 1.01 million last month, surging 103.7 percent year-on-year, and increased 9.5 percent from October, Rao Da, secretary-general of China Passenger Car Association, said according to Xinhua. Total vehicle sales in November 2009 reached more than 1.35 million units.
China accounted for a quarter of the global auto industry sales last month, the highest-ever proportion.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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What's with that picture? I thought we had the world's longest "Freeway" carparks here in Australia. Bertel, don't forget to report this article.
That article will make the "sustainable growth" folks applaud the wisdom of the Chinese government. "Given the size of the Chinese market, only more energy-efficient cars can help sustain the auto boom."
The price of gas is regulated in China. It would be a full time job to follow that one. The picture btw shows cars "lined up to buy petrol at a petrol station in Dongguan, south China's Guangdong province, August 17, 2005."