Mon
Apr 20 2009

China by numbers

Chas Hallett

Here in Shanghai I've been discussing the Chinese market with lots of people and no matter how many times you hear them it's impossible not to be overawed by the numbers.

Here's just a few. There's a good chance that there will be ten million cars sold here this year. That means the market's quadrupled in eight years and it will end up being bigger than the US market this year. And it's likely to be the world's biggest market for years to come.

China's doing a good job of propping up GM at the moment too. The US giant's Asian subsidary will sell 1.2 million cars here this year. And that will be two million in five years time at the latest. Volkswagen is having similar success. No wonder everyone's piling into China as quick as they can.

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About Chas Hallett

Used to make all the big decisions at Autocar, including whether to drive the Aston, or the Kia, home. Now editor-in-chief at sister magazine, WhatCar?.

Comments

REALZEUS April 20, 2009 4:34 PM

Yeah big deal... 10 million cars with a population of 1.5 billion...

Foilball April 21, 2009 9:50 AM

Realzeus. I think the point here is that China is such a growing market. Yes, 10mil cars sold out of a pop. of 1.5bil may seem insignificant, but that is why the industry is so excited - the potential is massive.

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