Chinese Auto Brands Rising in Domestic Market

The year-on-year rise of a third in light vehicle sales in China last year was coupled with a 1.3 per cent gain in market share for domestic brands, a statement from the China Association of Automobile Manufacturers claims. 6.3 million of the total 13.8 million units sold in 2010 were Chinese. “Compared with the previous year, the market share of Japanese and Korean brands dropped slightly while that of German, American and French brands inched up,” stated CAAM. German brands trousered a market share of 14.4 per cent, while France scored 2.7 per cent.