National Press Release
 | Fairtheworld Comments: Sales Top 6 Million Units, China Replaces U.S. As Biggest Auto Market Globally
Published 2009-07-09 09:00
By Fairtheworld |
HONG KONG, July 9 /PRNewswire-Asia/ -- The financial crisis didn't block
the growth of China's auto market. According to the latest statistics released
on July 6th, sales in China's auto market hit a new high in June, refreshing
the record for 4 straight months. China's cumulative auto sales exceeded 6
million units in the first half of the year, 1 million units more than that in
the U.S., historically emerging as the largest auto market in the world.
Meanwhile, China is also becoming the refuge for the world's auto industry.
Under the finance crisis, auto markets in North America, Europe and Japan are
all in recession. Deflated sales led to belt-tightened enterprises on the
whole; some poorly performing brands like Chrysler, GM and other giants are
filing for bankruptcy. The fall of automakers has set off a chain of reactions
in the auto industry; many spare parts makers are struggling due to lack of
funding. This crisis is spreading from America to the whole world.
Fairtheworld.com predicts that more auto enterprises will enter China.
China, with its huge market demand and sustained economic growth, has become
the ideal refuge for the auto industry. Fairtheworld.com has provided complete
solutions in line with enterprises' globalization strategies. The "Fair N
Fair" 3D Virtual Expo platform, developed by Fairtheworld, will help global
auto makers form cross-regional, cross-industry virtual industrial clustering.
For more information, please contact:
Dodona Song
Cell: +86-159-1626-1151
Email: news@fairtheworld.com
SOURCE Fairtheworld
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