Beijing Remains China's Biggest Car Market

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Last updated at: (Beijing Time) Thursday, February 28, 2002

Beijing Remains China's Biggest Car Market

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Occidental Cars Witness a Boom in China

Beijing remained China's biggest car market in 2001 with new car sales hitting 100,100 units, a year-on-year growth of 22.5 percent, according to the latest statistics from Beijing Association for Automobile Circulation.

Of the total sales, 94.5 percent were domestic products. This means nearly one-seventh of homemade cars were sold in Beijing last year.

Wu Gang, deputy secretary-general of the association, said the car sales growth in Beijing was mainly propelled by the increase in private car purchase. So far, 12 percent of Beijing households have their own cars.

Beijing has been the foremost market of leading domestic car makers. Car dealers mostly agree that "if a car has good market inBeijing, it will succeed in other parts of the country".

According to the association, Jetta, Santana, Fukang, Passat, Audi, Alto, Guangzhou Honda, Shanghai Buick, Xiali Hongqi (red flag) topped the sales chart in Beijing in 2001.

China's Car Sales to Hit One Million by 2005: European Report

China's car sales will hit one million by 2005 and two million by 2010, according to Roland Berger Strategy Consultants, Europe's leading consultation firm.

In its latest report issued in Shanghai recently, the firm predicted that economical cars for private use will witness the fastest growth in the years ahead. Full Story

Beijing Brings Order to Used Car Market

The Beijing Zhonglian Used Car Market opened Thursday, indicating a start for the reform of second-hand vehicle deals.

The market, with the car agent company overseeing the full purchase process, operates differently than traditional car sales companies. Full Story

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