roads in China: Key points:Chinese SUV sales now higher than United StatesSUV sales have grown 42 per cent this year Great Wall brand Haval hoping for Australian success But at this year Beijing Auto Show, they are being somewhat upstaged by a collection of bigger yet significantly more affordable sets of wheels, according to Australian Broadcasting Corporation. The sports utility vehicle is the new champion of the roads in China. Related Story: Chinese drivers hitting the road in 4WDsMap: China At the showpiece event for the world largest auto market, the sports cars and super-luxury vehicles still attract much of the limelight. Sales of the all-wheel drive vehicles are unpinning a car market that is outpacing the slowing economy. "It growing very quickly — 42 per cent growth so far in the SUV segment through March, so incredible growth," said James Chao of IHS Automotive, a leading research agency. "Chinese consumers like the security and the higher driving positions of SUVs." More SUVs sold in China than United States Last year more than 21 million new passenger vehicles were sold in the Chinese market, in contrast to 17.5 million sold in the United States. Great Wall representative Parker Shi According to IHS market research, the booming popularity of SUVs has helped the Chinese car market grow at 8 per cent so far this year, beating expectations of a more pronounced slowdown. The SUVs are big, going off road is no problem, the engines are powerful — that what the Chinese family needs.
(news.financializer.com). As
reported in the news.
Tagged under roads in China, SUV sales topics.