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09-02-2007 Some
leading auto distributors in China said auto consumption in 2007 will have bright
prospects and predicted around 20 percent growth. "Judging from China's economic
policies, China's economy will continue a rapid growth and the auto market will
obviously increase," SCAS Group operation vice president Wang Limin said.
"China's gross domestic product (GDP) will grow around 10 percent,
and we predicted that auto sales growth will be one to 1.5 times higher than the
GDP growth," he added.
According to Chengdu Sanhe Group general
manager Zhang Depeng, China's auto market will grow more than 15 percent in 2007.
He also said that starting from 2007, a large number of consumers will change
vehicles, and this group is likely to look to mid- and high-grade vehicle replacements.So
the mid- and high-grade vehicle market will be further expanded. Zhan also added
that mid- and high-grade vehicles have advantages in services.
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