|Chinese Can Buy New SUV for $2K or Less|
|by Tom McGregor||Wed, Feb 27, 2013, 02:52 AM|
BEIJING: Although pollution problems and traffic congestion have gotten worse in the big cities of China, the domestic SUV market is booming, and perhaps it could be due to major discounts for car buyers. The China Daily disclosed that "working class" Chinese consumers can purchase a brand new SUV for around "10,000 yuan," which is less than 1,500 US dollars.
According to the China Daily, "sport utility vehicle sales surged to 2 million units, a 25.5 percent increase over the 1.59 million sales volume in 2011, despite a slim auto market growth, Guangzhou Daily reported Tuesday."
Auto professional Yang Zumao said, "the SUV market will maintain the growth momentum as more Chinese families now can afford a second car. And market fragmentation is likely to continue to be the trend."
As reported by the China Daily, "top SUV performers last year include Shanghai Volkswagen Tiguan, Beijing-Hyundai ix35, Beijing-Hyundai TUCSOD, the Great Wall Haval H6 and GAC-Mitsubishi ASX."
Auto professional Yin Hongdeng is quoted by China Daily as saying that, "generally, the rich prefer luxury SUVs. The working class favored those under 10,000 yuan. People with petty bourgeoise tastes, prefer medium-small sized ones."
To read the entire article from the China Daily, link here:
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