China became #2 auto market in '05
With more than 5.9M vehicles sold in China last
year, the country has become the second-largest automobile market in the world, moving ahead of Japan (which saw 5.8M
new vehicles sold in 2005). China's sales represented 8.7% of the world market, or about double its share back in 2001.
Not surprisingly, 5.76M of those vehicles were domestically produced, as China's market remains very difficult to crack for importers.
The market in China remains highly fragmented, with the largest producer - First Auto Works - grabbing less than 17% of the market.
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Reader Comments (Page 1 of 1)
I_Hate_China 5:46PM (1/16/2006)
Good God foreigners control 90% of Chinese market and the big three in Chinese market are GM, Hyundai, and Toyota, instead of Landwind, Geely, and Chery.
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jeffrey 9:29PM (1/16/2006)
More important than volume, which markets produced the most revenue?
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Meek 2:15PM (1/17/2006)
Not that I like China, but I think you misread the post, I_Hate_China. That's one thing I don't like about China, it's impossible to sell cars there, almost illegal. You have to have a Chinese partner company.
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