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
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.