PRZOOM - /newswire/ -
Shenzhen, Guangdong, China, 2012/01/31 - Car Audio Group is expecting booming business car audio suppliers this year, as China remained the largest auto sales market in the world - CarAudioGroup.com.
Car Audio Group expects a prosperous business for original car audio makers in the year 2012, as China remained the largest auto sales market in the world.
Over the past two years, China won the largest vehicle sales market in the world.
With the governmental policies on tax rebates, trade-in subsidies and incentives, auto sales in China continued an explosive growth for two years from 2009. Despite the expiration on favorable governmental policies, China still retained the auto sales crown in the world.
“The auto sales market cooled in 2011 as the governmental policies expired,” Joseph said, a senior officer from of the Car Audio Group (caraudiogroup.com). “Thought the rapid growth rate of auto sales stopped, it finally reached sales numbers over 18 million.”
Figures released by the China Association of Automobile Manufacturers lend support to Joseph. The full-year vehicle production and sales numbers are both over 18 million, with a 2% to 3% increase compared with the figures in 2010.
“The year 2010 had a remarkable growth in auto sales, and many makers of car audio, car stereo, car radio and auto radio already earned a prospering business,” Joseph said. “The year 2011 is another eventful year for the auto industry in China, which is a good developmental period for original car audio suppliers.”
According to the China Association of Automobile Manufacturers, auto production and sales numbers both reached 18 million in 2010, with a rapid increase of 32% over 2009.
“In the past two years, the auto sales figures in China are huge, resulting in a great demand on car audio, car stereo, car radio and auto radio products,” Joseph said. “This gives a great opportunity for original car audio makers.”
Joseph pointed out that the auto sales figures had a positive relationship with the figures on car audio consumption.
“With a huge auto sales figures and the new tax law on the alternative energy cars, car audio suppliers are expecting a booming business this year,” Joseph said. “We had better add new products of car audio, car stereo, car radio and auto radio to our local lineups as soon as possible.”
Joseph also mentioned that original car audio suppliers also faced a range of challenges, such as new functions and designs on car audio products.
For more information visit caraudiogroup.com/.