Chinese Auto Market
If you've been to China, or you live there now, or if you are just following the growth of the Chinese auto market, please post your impressions in here.
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By the way,i am employed by a national car trading company in China,to my knowledge,Buick Enclave sold in China for 87,753.5USD,How do you Americans think about it. This model sold bloody good in China,some dealers even charge for 5,000USD more than the official price,and waited for 3month,it really happened in China.
Buick may owe its survival to China (MSNBC)
China last year overtook the U.S. as the world's largest auto market, as the nation's rising middle class shuns bicycles and public transport and embraces cars instead. But Chinese cities have been unable to adapt quickly enough to the rapid rise in car usage, and increasingly face paralyzing traffic conditions."
Beijing Cracks Down on Car Buyers (Wall St. Journal - may be a registration only link)
Warren Buffett-backed BYD has seen its net profits crash from 3.79 billion yuan ($595 million) in 2009 to 2.52 billion yuan ($395 million) in 2010 and to 275 million yuan ($43 million) for the first half of this year."
BYD To Open U.S. Headquarters Monday (AutoObserver)
But the most contentitious clause would permit customers to return a vehicle free of charge if serious safety problems due to quality defects arise within 30 days of purchase.
In addition, customers can return vehicles that are not safe or seriously flawed if two repairs fail to solve the problem, according to the draft."
Wrangle over auto warranty regulation (China Daily)
the MG 6 and the Geely EMGRAND
http://www.euroncap.com/results/mg/6/2011/467.aspx
http://www.euroncap.com/results/geely_emgrand/ec7/2011/462.aspx
Both got 4 out of 5 stars.
To put things in perspective, the Brilliance BS4 was tested with the same protocol in 2009 by ADAC, and got no (Zero) Stars.
http://www.autoblog.com/photos/brilliance-bs4-adac-crash-test/
Chinese manufacturers were condescendingly dismissed at that time.
Today is a very different story.
Buy and steal enough IP and eventually you will become stable.
"This month, Honda Canada began receiving its smallest model, the Fit, from China instead of Japan, as part of a strategy to produce more vehicles outside its home country.
“There’s been much talk about Chinese cars being sold in North America, but we hadn’t seen that yet,” said Michelle Krebs, a senior analyst with Edmunds.com, an automotive research Web site. “These are from a well-known, major global automaker, so that eliminates some of the challenges that face Chinese automakers.”
In Canada, a Car Built in China (NY Times)
“It’s a significant setback for the individual companies and development of the industry,” said Michael Dunne, head of industry researcher Dunne & Co., in a telephone interview yesterday. “Chinese car companies will continue to push overseas, but you can bet that other countries that they are moving into, or are exporting to, are going to take a closer look on what’s on offer.”
Asbestos Recall in Australia Clouds China Automaker Plans (Bloomberg)
I'd start using a motorcycle or bicycle before I'd buy a Chinese car. Sadly, we already have Chinese motorcycles (known to be awful) and loads of Chinese bikes here.
"The Chinese auto industry has grown tenfold in the last decade to become the world’s largest, looking like a formidable challenger to Detroit. But now, the Chinese industry is starting to look more like Detroit in its dark days in the 1980s.
Inventories of unsold cars are soaring at dealerships across the nation, and the Chinese industry’s problems show every sign of growing worse, not better. So many auto factories have opened in China in the last two years that the industry is operating at only about 65 percent of capacity — far below the 80 percent usually needed for profitability."
China Confronts Mounting Piles of Unsold Goods (NY Times)
I like the original article, "challenger to Detroit". Ha. I know the big 2.5 have been at their knees for awhile, but they aren't quite that dead yet. An economy built on glorified slave labor and a wildly corrupt embezzlement based public sector with shoddy dealings everywhere can only last for so long. The smart ones have been buying their way out for years.
"The outlook for the second half of the year is difficult and it will be a challenge to maintain investments," Chief Executive Stefan Jacoby said in an interview.
Separately, General Motors Co. and its Chinese joint ventures said their auto sales rose 7.3% last month in a sign that larger car makers are still expanding."
Volvo Pares Output on China Slowdown (WSJ)
"A Chinese industry group says auto sales in September declined as customers avoided Japanese brands amid a dispute between Beijing and Tokyo over a group of uninhabited islands."
China auto sales fall as Japanese brands shunned (Detroit News)
"GM and (Volkswagen AG) are the best placed to ramp up models in dealerships and push further promotions to win customers who are cash-ready but reluctant to buy Japanese."
China-Japan dispute could give Big 3 boost (Detroit News)
Ford Motor Co. sales jumped 48 percent in October, and General Motors Co. sales increased 14 percent in China, the automakers said Monday.
Toyota's China sales in September and October were nearly sliced in half; Nissan Motor Co. sales dropped 41 percent last month."
U.S. automakers' sales up in China for October (Detroit News)
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Ford is a much smaller player, but the 60,518 vehicles sold in October were up 48% from a year ago, and sales are up 14% through 10 months.
The Focus, which Ford now builds in Chongqing, is driving sales as the automaker expands its manufacturing and dealer base in China. Focus racked up a record 33,614 wholesale vehicles sold in October and more than 221,000 year-to-date.
"Together with our partners, we are delighted the Ford Focus has been the best-selling nameplate in China," said Dave Schoch, CEO of Ford China."
GM, Ford sales in China rise despite slowdown in economic growth (Detroit Free Press)
By MICHAEL WINES
Published: November 16, 2012
"IN 1994, China’s Communist rulers decided that the gluttony of party officials with unfettered access to money and privilege was soiling their brand. Indeed, the rulers’ own penchant for black Mercedes stretch limousines sparked no small amount of comment in what was then mostly a nation of bicyclists.
So to set an example, they gave them up. And switched to being chauffeured about town in black Audis, the windows tinted a dusty gray..."
Ford China registered 67,505 sales in November, up 56 percent compared to the same month last year. Ford China sales are now up 18 percent through the first 11 months of 2012."
Ford sets sales record in China for third consecutive month (Detroit News)
They do.
2021 Kia Soul LX 6-speed stick