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Fluctuation of the Chinese Automobile Market during and after the Financial Crisis

In: Global Automobile Demand

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  • Hua Wang

Abstract

The period of 2008–2012 will mark a new milestone for the Chinese automobile industry. In 2009, for the first time ever, China became the world biggest automobile market in terms of annual sales, overtaking the US market. During the following years, vehicle sales (commercial vehicles and passenger cars) boomed. On the whole, between 2008 and 2012, the market doubled in size, from 9.38 million in 2008 to 19.3 million in 2012. Between 2008 and 2009, the year-on-year growth rate soared from 6.7% to 46.2% then decelerated to 32% in 2010 and dropped to 2.5% in 2011. But it rose again in 2012 (4.3%), showing that there was still an important potential for growth.

Suggested Citation

  • Hua Wang, 2015. "Fluctuation of the Chinese Automobile Market during and after the Financial Crisis," Palgrave Macmillan Books, in: Bruno Jetin (ed.), Global Automobile Demand, chapter 12, pages 113-135, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51617-6_6
    DOI: 10.1057/9781137516176_6
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    Cited by:

    1. Krzywdzinski, Martin & Lechowski, Grzegorz & Jürgens, Ulrich, 2018. "L’inéluctable évolution des modèles productifs chez les constructeurs automobiles chinois et indiens," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12, pages 1-20.

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