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All persons involved in the Chinese automotive market is now experiencing restrictions in Beijing on the registration of new vehicles. Credit Suisse has so far published, a report predicting a sales decline of almost 16% if other cities follow the example left. But once again the prophets of doom were proved to be false and in fact, new registrations in the country have again broken all records.
The first statistics on sales in January seemed to tell a different story, early versions had sales of 1.15 million cars of the month show a decline the previous month but was still a significant recovery in January 2010 when these figures show an increase of 17, 9% over the previous year shown.
These numbers are not the whole story, and this week the China Association of Automotive Manufacturers (CAAM) announces the official figures for the month. This shows that 1.89 million cars in the country in January, which was a very cheap, even during the previous month, when sales had received a big boost to beat in Beijing looking for buyer sells the new regulation.
Not only do these figures are a new record in a market that continues to break records, but to firmly establish China as the number one consumer of automobiles in the world. General Motors has in the wake of this announcement confirmed by formal China as the number one most important area of ??eclipsing binaries, even the United States, will describe the designation of the country as a “jewel of the empire” and both their range and increase production of products for Chinese consumers.
This does not mean it is good news for businesses and local company BYD, once considered a rising star in automobile production is not a good time. Despite the heavy foreign investment in the company run by Warren Buffet, they are struggling to sell their models are not as serious competition from other manufacturers.
In the fight against BYD has a number of measures to reduce the prices on their cars series F announced, cutting up to 15,000 yuan from the sale of each word model range. That will be enough to be a late assembly vehicles in their dealer forecourt delete only the time shows.
There is no escaping the fact that China remains the biggest success in the sale of new cars to come for a long time, with a population grows steadily richer and cultural values, the “face” much to buy a new car, the sky seems really limit be for today.
Nick works with Kellingley http://www.philipclarkeconsulting.com a specialist in the automotive industry in China, they can help import and export of cars to China and work with the major engine special offer assistance in the procurement of spare parts and connecting enterprises in the industry are trying to enter China with investors and local partners and the development of existing or future distributors in the country.
Nick is the president of http://www.authoring4u.com content and communications consultancy in Shenzhen, China. Save your company time and money on content creation, public relations and writing articles.
Article Source: http://EzineArticles.com/?expert=Nick_Kellingley
