Small cars focus on 1.3-liter displacement
By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2006-10-24 08:47 China's small cars developed
quickly this year due to favorable policies. A good many 1.3-liter small cars
are now available on the market including Xiali, Fit, Qianlima, Palio, Palio
Weekend and Hafei Saima. Also some automakers are preparing to launch new
1.3-liter models such as the Hafei Lobo, the Chang'an CV6, the Chery QQ6, the
Qiyun and the Lifan520.
The 1.3-liter car boom was encouraged by China's changing consumption
environment and favorable policies including low consumption tax on small cars
(three percent), stimulating consumption.
The increasing oil price also promoted small car development. According to a
newsletter published by the China Association of Automobile Manufacturers
(CAAM), the small car market kept a rapid development in the first half of this
year while the overall auto market recorded slips, mainly due to rising oil
prices.
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The full text is available in the October Issue of AutoChina. (For more biz stories, please visit Industry Updates)
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