China's self-owned brands faces new crisis
2012-2-19 0:00:00Author： Xinxin WangFont Size：Big Medium Small
China’s auto production and sales volume outnumbered last year with 18.4189 million units and 18.5051 million units in 2011, up 0.84 percent and 2.45 percent.￡?13-year lowest growth, according to statistics from China Association of Automobile Manufacturers (CAAM).
China's own-brand autos, developed rapidly years ago, declined this year. In 2011, China's own-brand passenger cars were sold 6.1122 million units and declined by 2.56 percent year-on-year, occupying 42.23 percent of passenger cars’ market share￡?3.37 percentage lower compared to the same time last year.
Some auto analysts said, China’s self-owned brands may face a new crisis since 2011. Zhu yiping, Assistant Secretary-General for China Association of Automobile Manufacturers (CAAM), said that increasing rate of auto production and sales in 2011 sharply declined mainly influenced by the following factors: retreating of the government’s macro-control policy to inactivate consumption￡?high-base number of the first half year and auto-purchasing restrictions in cities as Beijing.
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