China private car population increased more than 35 times from 0.82 million units in 1990 to 28.76 million units in 2007.
Passenger car was the driving force of the private car increasing. in the period of 1990-2007, passenger car increased by 96 times , while commercial vehicle only increased less than 8 times.
Passenger car was the main part of the private car. in 1990, there were only 0.24 million passenger cars and 0.68 million commercial vehicles; everything changed in the past 17 years, in 2007, there were 23.17 million passenger car, which was 4.3 times of commecial vehicles (5.39 million units).
Passenger car's boom were raltive to the prosperity of China economy after carrying out reformation and openning policy. there are four main direct reasons for the passenger car grew fast in recent years: 1) good macro-environment was the base. whatever the politics and economy surroundings changed better and better in recent year; 2) purchasing power increased with income per capital growth, and part of residents became rich. 3) producing capacity can follow the demand of market by means of building JV and developing independent brand; 4) price of car was close to consumption capacity of China residents, owning to the independent brand developing more and more cheaper car in China.
Passenger car was the driving force of the private car increasing. in the period of 1990-2007, passenger car increased by 96 times , while commercial vehicle only increased less than 8 times.
Passenger car was the main part of the private car. in 1990, there were only 0.24 million passenger cars and 0.68 million commercial vehicles; everything changed in the past 17 years, in 2007, there were 23.17 million passenger car, which was 4.3 times of commecial vehicles (5.39 million units).
Passenger car's boom were raltive to the prosperity of China economy after carrying out reformation and openning policy. there are four main direct reasons for the passenger car grew fast in recent years: 1) good macro-environment was the base. whatever the politics and economy surroundings changed better and better in recent year; 2) purchasing power increased with income per capital growth, and part of residents became rich. 3) producing capacity can follow the demand of market by means of building JV and developing independent brand; 4) price of car was close to consumption capacity of China residents, owning to the independent brand developing more and more cheaper car in China.