Growth rate of China’s auto import market expected to exceed 50%

2008-05-14 Beijing

Statistics show that China’s auto import market may grow by more than 50 percent this year. To date, the number of imported sport utility vehicles (SUVs) has been skyrocketing for three consecutive years. The number of imported SUVs overtook that of imported sedans in 2007. Imported SUVs for the first quarter of 2008 accounted for 50 percent of all the vehicles imported during the period, a year-on-year rise of more than 100 percent.