China auto output, sales to cross 6.4m units in '06
Ceis, Beijing
China's output and sales of motor vehicles will maintain a rapid growth of 12 percent to top 6.4 million units in 2006, predicted an official in charge of the China Association of Auto Manufacturers (CAAM).By then, China is expected to surpass Japan to become the second largest seller of new motor vehicles in the world, just next to the United States. According to related forecast, the output and sales of passenger vehicles will grow about 17 percent, still faster than those of commercial vehicles. Compact cars with small-displacement will clinch a remarkably biggest market share, thanks to the central government's efforts in canceling all limit on small-displacement cars. It is learned that 16 car markets have planned to put on market more than 25 new models of compact cars, giving a boost to the hot selling of small-displacement cars. Home-grown car makers including Chery, Jili, Huapu, Hafei and Chang'an, which will dish out 1-3 new models of cars this year, are also predicted to seize a bigger share. According to CAAM, the auto price will be further readjusted, but the focus will be shifted to high-grade sedans, since low and middle-grade cars have a very limited space for price drop. In 2005, China's output of motor vehicles was 5,707,700 units, rising 12.56 percent year on year, and sales were 5,758,200 units, up 13.54 percent year on year.
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