Demand for cars like the Buick Excelle in China is set to skyrocket
The Buick Excelle is leading China's top ten cars, with 292,588 units sold so far this year
Hyundai's Elantra is second, selling 236,506 units so far
The Ford Focus comes third, selling 218,617 units so far in 2013
VW's Lavida is fourth, with 214,206 cars sold
164,183 units of the Toyota Corolla puts this model into fifth position
VW's Sagitar has sold 156,790 units, putting it sixth on our table
VW continues to do well with the Jetta, scoring seventh place with 144,748 units sold
The Passat is another good seller, with eight place being earned with sales of 135,521 units
Coming in ninth place is the Chevrolet Cruze, with 125,937 units sold
The VW Bora has sold 124,734 units so far in 2013, putting it into tenth place
New car sales in China will hit 20 million by 2020, and double to 40 million by 2030, according to estimates released by the Global Automotive Forum.
The growth to 20m new car sales, which will make China by far the biggest car market in the world (ahead of the US), is expected to be a result of an average GDP growth of about seven per cent per year for the rest of the decade.
However, key industry figures are now estimating that new car sales will double again between 2020 and 2030. Estimates shown by Ronald Hoge, CEO of Pinnacle Engines, showed Chinese sales at 40.7m units and the US at just 17.6m sales. India is estimated at 11.7m, Brazil at 7.8m and Russia at 5.2m.
In what is clearly bad news for mature Western markets, Germany is expected to see 3.7m new cars sales in 2030, and France 3.2m, with the UK predicted to hit just 2.9m units, a surprise figure that suggests big falls in the number of cars per adult in Britain over the next 25 years.
If China does reach these predicted heights, it will be a consequence of the determined drive by car makers who want to penetrate new markets, in particular the smaller cities in central and western China which are set to expand following the huge growth in megacities such as Beijing and Shanghai.
Longer-term growth will also be driven by the Chinese government, which already wants to further extend China’s huge road network and see more self-sustaining megacities established. This is backed by the strong trend for the Chinese population to move out of poorer rural areas into urban areas.