Jaguar's Sales In China Double, Cars Help Japan Balance Trade With China

Bertel Schmitt
by Bertel Schmitt
jaguar s sales in china double cars help japan balance trade with china

Those who have an ideological beef with China should keep one thing in mind: Without China, the car industry (to name just one segment) would be dead. China’s unbridled appetite for cars keeps the whole industry humming. Two examples:

Jaguar announced that they doubled their sales in China in the first half year of 2010. Sure, selling 1,521 Jags in six months may not be much in the grand scheme of things. But it’s an indicator of China’s buying power. China already is the world’s largest market for Daimler’s S-Class and makers of luxury cars the world over would be collecting welfare checks would iut not be for the Middle Kingdom. Jaguar celebrates the best half-year sales record in the seven years they have been in China. The second quarter was even better: Up 129 percent year on year. Their best-selling car is the Jaguar XF, selling 1,370 vehicles. The new Jaguar XJ added 140 units to the count, reports Gasgoo.

In not quite related news, The Nikkei [sub] reports Japan’s trade deficit with China shrank to a paltry $5b in the last fiscal year. That despite of a very strong yen, and without the daily drama of calling China a currency manipulator. Since the mid-1990s, Japan had a whopping trade deficit with China. Not only was Japan flooded with cheap Chinese goods. Japanese companies added to the imbalance by shipping materials and parts to China, where they were turned into finished goods and came back to Japan.

Now, Japan more and more exports expensive goods to China. Passenger vehicles, trucks and other transport equipment accounted for 10.12 percent of the value of Japanese exports shipped to China last fiscal year. Around 96,400 vehicles were shipped to China in the January-May term, up 50 percent from a year earlier, according to the Japan Automobile Manufacturers Association. “Japan could very well enjoy trade surpluses with its neighbor in the near future,” says the Nikkei.

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  • Blowfish Blowfish on Jul 19, 2010

    The owner of luxury cars in Middle Kingdom only cares about the sticker price anyways, most of the cars only be driven not all that fast so any cars will hold up for many many yrs. Unlike cars sold in the land of Flowery Flag, one day driving will put more miles than a car there in 6 mths. The car market of Middle Kingdom is becoming like the habit of a Kleptomaniac, u can just give him anything. And anything will do, as long as it has a high sticker price.

  • Gimmeamanual Gimmeamanual on Jul 19, 2010

    I can see my apartment in that picture!

  • MRF 95 T-Bird Back when the Corolla consisted of a wide range of body styles. This wagon, both four door and two door sedans, a shooting brake like three door hatch as well as a sports coupe hatchback. All of which were on the popular cars on the road where I resided.
  • Wjtinfwb Jeez... I've got 3 Ford's and have been a defender due to my overall good experiences but this is getting hard to defend. Thinking the product durability testing that used to take months to rack up 100k miles or more is being replaced with computer simulations that just aren't causing these real-world issues to pop up. More time at the proving ground please...
  • Wjtinfwb Looks like Mazda put more effort into sprucing up a moribund product than Chevy did with the soon to be euthanized '24 Camaro.
  • Wjtinfwb I've seen worse on the highways around Atlanta, usually with a refrigerator or washer wedged into the trunk and secured with recycled twine...
  • Wjtinfwb Surprising EB Flex hasn't weighed in yet on it being the subject of a recall...