·China's luxury car market share exceeds Japan and South Korea

In the first half of this year, the national automobile production and sales exceeded 11 million, and the growth rate was higher than expected. The reporter learned from the Auto Market Trend Forum held recently that the domestic auto consumption upgrade trend is obvious. The growth rate of luxury car sales is much higher than the average growth rate of the auto market, and the market share reaches 9.4%, which is significantly higher than the Japanese and Korean auto market. It is expected to surpass the US soon. The market share of luxury cars.
"The more expensive the car is, the more difficult it is to sell. The higher the price of the car, the faster the sales increase." This is the hot and cold feelings of dealers around the world this year. Xu Changming, director of the Information Resource Department of the National Information Center, revealed that although Japan’s per capita GDP exceeds US$40,000, the share of luxury cars is only 4%; South Korea’s per capita GDP exceeds US$25,000, and the share of luxury cars is 6%; the average American GDP exceeds US$50,000. The proportion of luxury car consumption is 11%. In China's auto market, luxury car sales have grown rapidly in recent years. In 2010, the growth rate was as high as 83.5%. In the first quarter of this year, the growth rate remained at 26.8%, much higher than the overall growth rate of the auto market at 13.9%.
The momentum of automobile consumption upgrading in first-tier cities is more obvious. According to the statistics of the automobile market of Beichen Asian Games Village, in June this year, the single-selling single model in the Beijing auto market was the Audi A6L. In the past five months, the Audi A6 has also been the top four models in the Beijing auto market. In stark contrast to this, almost no one is interested in the model below 50,000 yuan. In the first quarter of this year, the sales volume of models under 50,000 yuan fell by 27.7%, and the growth rate of models over 300,000 yuan was as high as 27.3%.
For the first half of the year, the overall growth of automobile production and sales increased by 9.6% and 8.4%. The relevant person in charge of the China Automobile Association analyzed that this is related to consumers in the first-tier cities worried about automobile purchase restrictions. It is expected that the growth rate will slow down in the second half of the year. It is estimated that the annual sales volume of the car market will be around 23.83 million, an increase of 8.3% over the same period.

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