Many international auto giants saw their sales in China surge
with two-digit growth last year, greatly offsetting their sluggish
performance in other markets.
Xu Guozhen, vice-president of Ford Motor (China) Ltd., told
Xinhua on Monday that a sales slide in North America left Ford with
a negative growth in global markets last year, but its sales in
China rose by a sparkling 30 percent.
The concern of a possible U.S. economic recession, overwhelming
subprime crisis and soaring oil prices have hit the auto industry
hard in the United States, the world's largest vehicle consumer and
producer.
The total sales of U.S.-made automobiles last year slipped back
to the 1998 level of 16.1 million vehicles, and sales of its three
major auto producers General Motors, Ford and Crysler fell by 7.5
percent.
General Motors, narrowly outselling Toyota by 3,500 more
vehicles last year, managed to keep its No. 1 seller title, which
analysts attributed to its rapid sales growth in China.
General Motors sold more than 1.03 million vehicles in China
last year, up 18.5 percent or 160,000 vehicles from a year ago,
while its sales in global markets only rose by three percent.
The word's second largest auto maker Toyota also saw a straight
sales rise of 62 percent in China last year, compared with its
six-percent rise in global markets. In its home Japan, sales of new
vehicles even fell back to the level three decades ago.
Yang Hongjian, an employee with the Toyota Motor (China)
Investment Co. Ltd., told reporters that Toyota sold a total of
499,000 vehicles in China last year.
German auto giant Volkswagen saw its sales in China hit a record
high of 910,491 vehicles in 2007. The figure, which ensured China
surpassed Germany as having the most Volkswagen consumers, was 28
percent higher than that of the previous year.
Dong Yang, deputy director of the China Association of
Automobile Manufacturers (CAAM), believed that China's auto market
will keep growing at a rapid pace for the long term. "Chinese
residents are shifting their focus in consumption from food and
clothing to housing and transport. Many families still haven't got
a car. Great demands have created a vast market for international
auto makers," Dong said.
Mei Wei Cheng, chairman and CEO of Ford Motor (China) Ltd.,
predicted that 50 percent of auto sales growth will come from the
Chinese market in the following 15 years.
Thus, international auto makers will keep increasing their
investment and market exploring efforts in China, Cheng said.
Ford has recently announced that it will invest four billion
U.S. dollars in the Asia-Pacific region in the next three to five
years, with its focusing on China.
VW China president Winfried Vahland also revealed that his
company plans to raise its technical export to China and aims to
sell one million vehicles in the country in 2008.
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(Xinhua News Agency February 5, 2008)
