Next year China's auto market is still optimistic

　　Although the growth of the domestic auto market has dropped sharply this year, Chinese and foreign auto manufacturers attending the 9th Guangzhou Auto Show are still optimistic about the Chinese auto market.

　　Ni Kaiming, chairman and president of Volkswagen (China), said recently that Volkswagen's sales in China in 2011 are expected to increase by 15% year-on-year, exceeding 2 million for the first time. He is more optimistic than most about the Chinese auto market next year. There are three main reasons: First, China’s macro-control is very effective, the CPI growth rate is falling, and the real estate bubble is also being squeezed. In the future, China’s economy will continue to grow rapidly; Thousands of consumers in small and medium-sized cities are eager to own a car. Overall, the momentum of car consumption will not change; third, the growth of China's auto market will be relatively stable next year, and the growth rate of passenger cars will be between 8% and 10%. .

　　South Korea's Ssangyong Motors, which was under bankruptcy protection by the international financial crisis, was acquired by an Indian company for 70% of its shares in March this year, and is currently getting out of trouble. Choi Jong-sik, vice president of Ssangyong Motors, who participated in the Guangzhou Auto Show for the first time, said that Ssangyong has full confidence in the Chinese market. China's auto market has entered a rational stage, but the growth rate of SUVs is significantly higher than that of other passenger cars, and it has a good market prospect.

　　Yao Yiming, executive deputy general manager of GAC Honda, said that China's auto production and sales have doubled in the past two years, which is too fast and needs to be adjusted. This year is an adjustment year. He believes that the growth rate of the domestic auto market will be roughly between 5% and 10% next year and for a long time to come.

　　Feng Xingya, executive deputy general manager of GAC Toyota, believes that the sound development of China's national economy determines that China's auto sales will not be bad. He said that under normal circumstances, the growth rate of auto sales is 1.5 times that of GDP, but this year is a special case. Judging from the current situation, it should not be a big problem for China's GDP to grow by 8% next year, so the growth rate of automobiles should also exceed 10%, which is conservatively around 8%.

　　Liu Jinliang, vice president of Geely Automobile, believes that from next year, Geely Automobile's upgrades and self-developed achievements will explode, and sales will increase steadily on the basis of this year. He believes that the domestic auto market next year will definitely be better than this year, and it is estimated that the annual growth rate will exceed 5%.

　　According to statistics from the China Association of Automobile Manufacturers, in the first 10 months of this year, the production and sales of domestically produced automobiles both exceeded 15 million, and the annual sales growth is expected to be between 2% and 4%.