Ten years of new car production and sales will reach 210 million next year

The latest report of the China Automobile Market Index Institute, which accurately predicts China's auto production and sales in 2009 and 2010, indicates that the production and sales of new cars in the domestic market will reach 21 million next year; under the background of a steady and stable demand, the Chinese auto market will usher in “ The golden decade."

The China Automotive Market Index Institute was initiated by the Dongchang Group, and academic institutions and experts from the Shanghai Academy of Social Sciences and Nanjing University conducted professional research on the Chinese automobile market. In the 2nd issue of the "2009 China Automotive Market Consolidation Index", the agency successfully predicted that China will exceed the United States and Japan for the first time in 2009, becoming the world's largest new car market and the largest automotive producer, and accurately estimating China's auto industry. The production and sales will continue to exceed 10 million steps for 10 million vehicles, 11 million vehicles, 12 million vehicles and 13 million vehicles. This measure, among domestic and foreign authoritative organizations and industry experts, is the closest to actual production and sales.

In March 2010, the China Automotive Market Index Institute boldly predicted in the third phase of the in-depth study that given the continued release of urban and rural rigid demand and boost domestic demand, new rural construction, replacement subsidies for cars, encourage the purchase of energy-saving vehicles and subsidies for new energy vehicles. With such policy effects, China's automobile production and sales will further exceed 14 million, 15 million, 16 million, and 17 million four million steps, and will be the longest defender of the world's largest new car market and the largest automotive producer. At present, there are no suspense in China's auto production and sales volume exceeding 17 million vehicles in 2010.

The report also believes that 17 million vehicles are by no means the culmination of the Chinese auto market. This is because China is the world’s most populous country and second largest economy. The per capita GDP also points to the period of popularization of automobile development; the rigid consumption demand of domestic automobiles is strong, the penetration rate of automobiles is still very low, and the existing vehicle population is only 1,000. 65.4 is still only half of the average number of developing countries.