Chinese Auto Brands Maintain Growth
2008-12-11 Source：english.chinabuses.com
China's self-developed automobile manufacturers achieved stable and fast growth from January to October even though the global auto market saw sluggishness. Chinese brands are also optimistic about next year's performance. Especially the commercial vehicle brands.
Some other Chinese brands such as FAW and Dongfeng have seen good performances this year. In Jilin province, of the newly registered cars in September and October, one fourth were Chinese brands.
Ding Hongxiang, China Automobile Dealers Association said "Chinese manufactures are more familiar with the Chinese market, especially some small local markets. They have better opportunities in the China market."
Zhang Peijie, General Manager of FAW said "Despite uncertain factors for next year, we still have an optimistic forecast. We predict that next year our auto sales growth will be 15 percent, higher than the average of the industry."
Even though global manufacturing industries are facing sluggishness. China's automobile exports are maintaining growth. In the first three quarters, China exported 560-thousand vehicles, thirty percent higher than the same period last year.
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