Sales of passenger cars to surge 15%-16% in 2008

By Kelly
Shanghai, June 16 (Gasgoo.com)The sales of passenger cars is expected to surge 15%-16% this year in China market, according to analysis by National Passenger Car Information Exchange Association in May conference.
 
The Association estimated that sales of passenger vehicles will reach 7,000,000 units based on 6,000,000 units last year. The total auto sales will surpass 10 million units.
 
With consecutive slide of sales in April and May from the previous month, pessimism for passenger vehicle market is prevailing. Mr Rao Da, Secretary-General of National Passenger Car Information Exchange Association said Wenchuan earthquake has deprived all the optimistic predictions for automotive sector.
 
But Rao convinced that it¡¯s unnecessary to be pessimistic for June sales. The concern for earthquake is declining as key period of quake relief is past, so some consumers originally planned to have cars will buy cars in June. After June, dealers will also bring more cars to boost car sales. Besides, the Olympic Economy before August will also help.
From:Gasgoo.com

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