New Report: China Passenger Vehicle Industry Report, 2014-2017

China’s basic passenger vehicle (sedan) production rose from 2.7682 million to 12.1008 million in 2005-2013, with a CAGR of 20.25%. In the corresponding period, sport utility vehicle (SUV) production surged from 194,700 to 3.0257 million at a CAGR of 40.91%. On account of its strong power, cross-country ability, capaciousness and comfort as well as good cargo and passenger carrying functions, SUV has become the main force for automobile market growth in recent years.

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From the market occupancy by factions, the development of self-owned brand market can be divided into two phases: market share of passenger vehicle sales volume grew from 40.10% to 45.60% in 2008-2010; followed by a decrease from 45.60% to 40.28% in 2010-2013. Japanese brands fell from 25.60% in 2008 to 16.35% in 2013; while German brands saw an increase from 15.50% in 2008 to 18.81% in 2013.

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