Albany, NY -- (SBWIRE) -- 02/10/2014 -- According to Sino Market Insight’s China SUV Industry Report, 2014, the SUV market is expected to maintain rapid growth over the next five years, and sales volume will reach 7.91 million in 2018.
In 2013, Chinese automobile market achieved higher-than-expected growth, of which, output increased by 14.82% YoY to 22.13 million and sales volume rose 13.94% YoY to 21.99 million. Passenger car market grew faster than the overall automotive industry, with output and sales volume up 16.49% and 15.71% YoY to 18.08 million and 17.93 million, respectively. As the current market has a large base, China’s passenger car market growth rate in the next five years will be reduced to about 10%.
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In 2013 Chinese SUV market saw fast development, with growth rate much higher than the overall car market as well as passenger car market, of which, output exceeded three million, a year-on-year increase of more than 50%; sales volume jumped 49.57% YoY to 2.99 million. Because of sporty appearance, larger space and stronger dynamics, SUV has become more popular among Chinese customers. SUV market over the next five years is expected to maintain rapid growth; sales volume will hit 7.91 million in 2018, with proportion in the passenger car market up to 27.83% from 16.67% in 2013.
Table of Contents
1. Macro-economic Environment in China, 2011-2013
1.2 Industrial Added Value
1.3 Fixed Investment
1.4 Import & Export
1.5 Gross Retail Sales
2. Definition and Classification of SUV in China
2.1 Definition and Classification
2.2 Industry Policy
2.2.1 Automobile Consumption Tax Rate
2.2.2 Regulation on the Administration of Recall of Defective Auto Products
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3. Passenger Car Market in China
3.1 Output and Sales Growth Break 15%
3.2 Exports Slow down, Imports Grow Fast
3.2.1 Exports Fall 9% YoY
4. SUV Market
4.1 Output Growth Break 50%
4.2 Small-displacement Models Accelerate Import Growth
4.3 Powertrain Matching
4.4 Competition Pattern
4.4.1 Great Wall Motor Ranks First in Sales
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