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Geely GE - Click above for high-res image gallery

We've been hearing Chinese officials say for quite some time now that there are far too many automakers in the country for a healthy market in the long-term, but we didn't realize until today just how out-of-hand it may be. According to state-run Chinese news agency Xinhua, China has seen an unprecedented 89 new automobile launches so far this year.

That's surely a big number, but it doesn't really hit home until you consider that 89 vehicles in the first half of 2009 averages out to a new or heavily revised vehicle appearing in China once every two days. Of those new designs, 73 were cars, nine were SUVs, six were MPVs and - in contrast to typical American vehicle launches over the same period - only one was a crossover.

As you're surely aware, 2009 is only half over, and there are reportedly some 50 new vehicles still slated for introduction before the end of the year, equaling about 140 new models introduced in 2009. The good news, at least as far the bottom line goes, is that the new releases have translated into sales. The 4.96 million vehicles sold between January and May of this year represent a 14.29-percent increase over the same period in 2008. Still, considering the glut of new models hitting the market, one has to figure that a goodly number of those vehicles will go begging.


Gallery: Geely GE


[Source: Gasgoo]

REPORT: China rolls out 89 new models in six months - that's one every two days originally appeared on Autoblog on Fri, 03 Jul 2009 16:44:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>2009 chinese cars2009ChineseCarschinachinesechinese carchinese car marketchinese carsChineseCarChineseCarMarketChineseCarsnew chinese carnew chinese carsNewChineseCarNewChineseCarsFri, 03 Jul 2009 16:44:00 EST<![CDATA[Chinese gov't wants to consolidate major automakers to 10]]>http://www.autoblog.com/2009/03/03/chinese-govt-wants-to-consolidate-major-automakers-to-10/http://www.autoblog.com/2009/03/03/chinese-govt-wants-to-consolidate-major-automakers-to-10/http://www.autoblog.com/2009/03/03/chinese-govt-wants-to-consolidate-major-automakers-to-10/#commentsFiled under: , , ,



China is determined to raise its annual domestic car sales to 10 million units this year, and also wants sales to grow by another 10% every year for the next three years. It aims to achieve those numbers with a comprehensive investment in the company's transportation sector, beginning with merging China's 14 major automaking groups into ten. Doing so, they say, will help the development of new products and seriously slash costs in overlap.

The government's long term vision of the auto landscape in China would be three large automakers selling more than two million vehicles per year and at least four smaller groups selling above a million. To insure that they all have buyers, Chinese authorities will buy more Chinese cars, subsidize rural purchasers with 5 billion yuan ($732 million) in subsidies, offer rebates to those trading in used cars for new ones, eliminate road tolls and expand urban infrastructure. It's ambitious, for sure, but if the government can get the industry to go along, China certainly has the money to handle the rest.

[Source: Gasgoo, Photo by China Photos/Getty]

Chinese gov't wants to consolidate major automakers to 10 originally appeared on Autoblog on Tue, 03 Mar 2009 17:57:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>car buyingCarBuyingchinachinese car marketChineseCarMarketgovernmentmanufacturingTue, 03 Mar 2009 17:57:00 EST