Key Market Indicators
Chinese vehicle registration is set to reach almost 29 million units by 2026, according to new figures. In 2021, it stands at 25 million units. On average, the market is growing by 1.7% year on year. However, since 2010, it has fallen by 2% year on year. Vehicle production in China is also increasing, with 35 million units expected by 2026. This is up from 30 million in 2021, with an average growth rate of 2.5% year on year. Since 2002, the supply has risen by 1.5% year on year. The United States, Japan and India are the second, third and fourth biggest producers respectively.
China Automotive Market Data and Forecasts
What is the size of the Chinese Automotive Market in 2022?
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Automotive Financing: Unveiling Trends and Opportunities in Leasing and Loan Markets
Automotive funding, a crucial sector of the automotive industry, is witnessing a paradigm shift in its operating model driven by changes in customer preferences and technological advancements. Strong growth in new vehicle sales and rising used car prices are fuelling growth in this sector. The primary role of auto leasing...
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Automotive Industry: Comprehensive Insights into New Car Dealers and Vehicle Parts Retailing
The new car dealership segment in the automotive industry continues to demonstrate a growth trajectory. This can be attributed to factors such as a rise in consumer demand driven by an improved economic outlook, low-interest rates, and an expansion in car ownership in emerging markets. Digitalization has redefined traditional sales...
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Auto Repair and Body Shops: Navigating Future Challenges and Opportunities
The vehicle repair industry is poised for significant shifts driven by emergent technologies. Innovations in automotive design, such as electric and autonomous vehicles, are demanding new skills from mechanics and body repair professionals. In conjunction, technologies to streamline shop operations, like digital diagnostics and advanced management software, are increasingly integral...
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Vehicle Rental and Repair: An In-depth Exploration of Industry Dynamics
The vehicle rental and repair industry has made significant strides over the past years, prompted by technological advancements, changing consumer behaviours and evolving business models. The industry is a key pillar to transportation needs in various geographical regions, fulfilling short-term mobility needs. Economy dynamics, especially urbanization and tourism activities, chiefly...
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Insights into the Evolving Caravan, Trailer, and Motor Vehicle Body Manufacturing Sector
Substantial technological advancements and a rising regard for recreational activities are driving the development in the motor vehicle body, caravan and trailer manufacturing sector. Increasingly, consumers opt for these vehicles as a lifestyle choice, valuing their ability to provide comfort, freedom, and connectivity on the road. The growth of this...
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