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China vehicle industry is a good market to make profit

From: Qianzhan Business Information Time: 2014-06-13 16:51:28
Summary: Over the years, China has become a very lucrative market U.S. companies. China is also a cash cow Volkswagen. Volkswagen last year to seize the top spot in China. Chinese market accounted for 31% of global sales, its joint venture operating profit amounted to 9.6 billion euros, Volkswagen total operating profit on a global scale is 11.7 billion euros.

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Over the years, China has become a very lucrative market for U.S. companies. China is also a cash cow Volkswagen. Volkswagen last year seized the top spot in China.  According to  "China Automotive Maintenance Industry Report" , Chinese market accounted for 31% of global sales, its joint venture operating profit amounted to 9.6 billion euros, Volkswagen total operating profit on a global scale is 11.7 billion euros.

In addition to the rapid growth in vehicle sales, from multinational auto companies also receive royalties technology and brand in China joint venture there and make money through the sale of spare parts. Macquarie Securities in Hong Kong Janet Lewis said: "a lot of money to build cars in China, but no one is willing to emphasize this point, if you do well enough in this market, just like printing money.."

Chinese auto consumers surprise to many analysts, who thought the Chinese auto market has experienced rapid growth in the last year would be cool, but this year from January to May, the growth rate of more than 11%. Macquarie Securities, said that since 2010, Sino-foreign automobile factory utilization rate of 100% or even higher, up to 80 hours weekly working hours. This year, Shanghai GM and Ford or equipment utilization will increase to 120%.

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