With sales of 46 million vehicles in 2009, China has become the market of the automotive world, the U.S. was held the top position during the past century.

According to the Association of Chinese automobile manufacturers, private car of the domestic consumption in populous countries in the world within one year reached 13.6 million units. Meanwhile, this figure was 10.4 million vehicles in the U.S. (down 20% compared to 2008 and is the lowest since 1982).

Car market in China began to emerge in 1999 and regularly achieved growth rates around 9% per year. According to the audit firm Booz & Co, despite tightening fiscal policy and economic situation difficult, car sales in China is increasing and the market in the U.S. in 2009.

               Cars have become personal transport popular in the cities of China.

China was becoming the center stage of world automobile industry in this century. Economic development in this country is the driving force for car industry “, Bill Russo, senior expert of Booz & Co. comment.

In early 2009, to stimulate the domestic economy and take advantage of opportunities from the economic recession in the world, China has carried off half the registration tax on new car review (to 5%). Also, the Government is also implementing a program assistance worth 5 billion yuan (732 million dollars) for people wishing to switch from old cars to new cars.

These measures were removed in early December when China 7.5% applicable tax return with the motor vehicles under 1.6 liters. However, the amount of vehicle ownership in China has far surpassed the number of 51 million vehicles (than 51 times higher than in 1977) and makes the big names of world automobile industry craving.

Ford Motor is investing $ 490 million for the third plant in China while Volkswagen has invested a total of 5.7 billion dollars in this market. But General Motors is foreign automobile firms most popular in China with sales up to 67% in 2009, reaching 1.83 million vehicles. Of these, only 727,620 vehicles Shanghai branch (up 63% over the same period 2008).

According to its Economic News Bloomberg, Minivan line is considered the most successful in this market. Joint venture between GM and two domestic automobile company is SAIC and Wuling is a manufacturer of China’s largest minivan with output of about 1.1 million vehicles per year. Line often have car price under 4000 USD in the domestic market.