Mid-year is best time to purchase cars in 2007
By Du Xiaoli (chinadaily.com.cn)Updated: 2007-01-15 08:50
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New models are divided into two types: entirely new models and models for the year. The entirely new models will feature newly-designed car bodies and improved key assemblies such as engines, chassis and transmissions. Most models for the year will only add several fittings to former models and incorporate slight changes in appearance. The entirely new models are often highlighted in the media and listed as the most competitive models.
The new model launch density saw an unprecedented rise in 2006, the first year of the 11th Five-Year Program. Passenger car consumption boomed on a background of quick expansion of social fixed assets investment scale in the first half of 2006. There were less new models in the second half of 2006. The social fixed assets investment represented by the real estate industry witnessed a lower growth rate and new model consumption also experienced stable development.
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The full text is available in the January Issue of AutoChina.
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