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Car Audio Makers Expect the Prospect as China Remained Largest Auto Sales Market
Written by the Customer Business Development Team
Thursday, 5 January 2012, 11:30
In another eventful year of 2011, China retained the auto sales crown in the world, which made a booming business for the auto industry, as well as the auto accessory industry.
With this remarkable milestone in China's auto industry, Car Audio Group views a booming business for all makers on car audio in 2012, as crazy sales on cars will drive huge demand on products of original car audio, car stereo, car radio and auto radio.
Back in 2009, the Chinese government implemented a two-year-period policy on trade-in subsidies and incentives for rural buyer and tax rebates for small cars, which led to a surge of auto sales in the Chinese market.
"There was a remarkable growth for auto sales in 2010 due to the government policies," Joseph said, a senior officer from Car Audio Group (http://www.caraudiogroup.com). "That was also a prospering business year for the makers for original car stereo, car audio, car radio and auto radio."
Figures from the China Association of Automobile Manufacturers showed that auto production and sales numbers in 2010 had a surge of 32% over 2009, with both figures hitting 18 million.
"Auto sales market cooled in the year 2011 due to the expiration on favorable governmental policies," Joseph said. "Though the rapid growth rate on sales stopped, the auto industry still did a remarkable job on the production and sales numbers over 18 million."
According to the China Association of Automobile Manufacturers, the full-year vehicle production and sales numbers had an increase of one to three percent compared with those in 2010, with both numbers exceeding 18 million
"In the past two years, suppliers for car audio, car stereo, car radio and auto radio already made a profitable business," Joseph said. "With the huge auto sales figures, more car audio products are on great demand."
Joseph pointed out that the trend on car audio demand had a positive relationship with the auto sales numbers. "The great business on auto sales market already made a good opportunity for all original car audio suppliers," Joseph said. "We are certainly expecting an even more prospering business this year, especially with the new tax law on alternative energy vehicles."
Car Audio Group also mentioned that the car audio industry would face a wide range of challenges on car audio, car stereo, car radio and auto radio products.
"Customers will require newer functions and better designs on car stereos," Joseph said. "We are ready to roll out new models to meet the market's needs."
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Last Updated on Thursday, 5 January 2012, 20:45