Auto Market Intelligence UK

We are just into the fifth month of the yr and automobile manufacturers are already selling their 2008 mannequin yr automobiles. China’s auto market has modified considerably up to now two years. Whereas customers generally choose overseas car manufacturers to Chinese language automotive manufacturers, our survey reveals that the identical choice doesn’t extend to EVs Given the early stage of the EV market in China, it is nonetheless a degree enjoying field for both domestic and international auto manufacturers.

Owned by a single distribution company, mega-dealerships are a network of OEM-authorized auto dealerships that sell a number of manufacturers. 74 At the 2010 Beijing Motor Show , greater than 20 electric vehicles had been on display, most of which got here from native automakers. The first Chinese manufacturing automobiles have been made by the First Vehicle Works in 1956, a truck referred to as the Jiefang CA-30 17 This was followed on March 10, 1958 by the two½ ton gentle responsibility truck (NJ130), which was based on the Russian GAZ-fifty one , was produced in Nanjing.

Greater than half of shoppers say they intend to trade up: 37 p.c plan to change to a better model, and sixteen percent plan to choose a better model of the brand they own now. Ford Motor Co. introduced that it’ll considerably increase its network of dealerships in 2010 however didn’t indicate by how a lot. In response to media studies, several major foreign manufacturers have announced plans to open new dealerships throughout China, notably in second- and third-tier markets.

Used-car patrons also favor auto trade markets, which permit automobile house owners to trade in their previous cars and receive a reduction on new automobile purchases. As these market tendencies develop, so will opportunities for retailers, OEMs, and shoppers in China’s auto market. Because of this, overseas and domestic OEMs need to expand their distribution networks throughout China, with a give attention to second- and third-tier markets (see Overseas Auto Firms Increase Gross sales Networks in 2010).

The corporate is the first auto finance enterprise to supply exclusive financial services for its branded industrial vehicles, together with trucks and construction gear. With a variety of used automobiles for sale, used autos, usedcars, pre-owned cars to choose from and an experienced sales team, we are confident that we are able to discover the Used Vehicles that was constructed for you.