Fact #315: April 12, 2004
China Passenger Car Sales
In 2003, nearly 1.9 million new cars were sold in China. That was a 61% rise from 2002 sales. One-quarter of China's new car sales were for cars costing between $15,000 and $22,000. Models in this price range include the Volkswagen Golf, Hyundai Elantra, Kia Accent, and Toyota Corolla.
Passenger Car Sales in China, 2003
Supporting Information
| Price Range | Market Share |
|---|---|
| $4,200–8,500 | 18.8% |
| $8,500–12,000 | 13.5% |
| $12,000–15,000 | 21.0% |
| $15,000–22,000 | 25.9% |
| $22,000–32,000 | 17.2% |
| $32,000 and up | 3.5% |
| Total Cars Sold | 1.9 million |
|
Source: Crain Communications, Automotive News, March 15, 2004, p. 32K. | |
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