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The growth of the Chinese Auto market will slow down
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The growth of the Chinese Auto market will slow down
U.S. analysts have calculated that China's auto market will "add" annually between 12 and 15 percent up to 2016. This, of course, is not the 30% increase in the past year, which led the country in 2010 to be the first car in the world to sell cars and to outstrip the United States. The trend of declining market growth was evident in April of this year, when sales fell 0.25 percent. According to the estimates of American market researchers, 72 percent of Chinese households living in cities with annual incomes of more than 60 thousand people. (...) (...) ), purchase of a car. However, this is only one fifth of all urban families and one tenth of all families in the country. In the vast majority of cases, the car being purchased is the first in the family, and most of the drivers are driving their first cars. How can the Chinese be able to acquire new cars, while the salaries of specialists in this country are significantly lower than in America and Europe, the researchers are not clear. In addition, they see a shortage of highly qualified staff in China, and the lack of this will, in their view, be felt within the next ten years. The cost of the car itself is growing from year to year, including the cost of motor fuel. At the same time, a car in China is more than a means of transport (familiar words, isn't it?). Here, the presence of a car in the family is much more a measure of social status and lifestyle than in developed countries. Apparently, that's what makes a citizen of Heaven in the race for possession of a car. It also has a 30 percent growth in the secondary market of automobiles, sales of spare parts, as well as car service. While it remains unclear whether the Chinese will be able to exploit their vehicles before full wear and tear, or whether they will adopt a western strategy to buy a car for a term of 3 to 5 years. The latter option seems to be seeking to push foreign car manufacturers that have won more than 70 percent of the Chinese auto market.
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