Even if large numbers of foreign automakers are entering the China auto market giving stiff competition to the domestic carmakers, China is has been successful in establishing itself as a prominent market in automotives. Overseas carmakers are taking advantage of the potential of the car market with cost-competitive car-models.
China, today is the world's second-biggest market for automobiles. Growing maturity accompanied by increasing sales is China's paramount way to go ahead in the world auto market.
Globally, China is the second-largest market for passenger cars. The sales of passenger cars are expected to touch four million in 2006. However, previously just about one-fourth of Chinese customers had owned a vehicle.
Chinese car market grew largely in 2006, compared to the low growth over the years 2004 & 2005. China's automakers sold vehicles in excess of 6.45 million units, together with both commercial vehicles and passenger cars, till November 2006, a rise of 25 percent in 2005.
Producers of automobiles are rapidly recognizing Chinese customers as potential customers. More and more automakers are driving into the China auto market making competition stiff and costs of automobiles plunge.
According to RNCOS report on China Automobile Industry, the unpredictability of the Chinese consumer is a major concern for the manufacturers. The Chinese customer is not known for brand loyalty and the falling prices of the products have further added to their unpredictability.
For further information about China Automobile Industry please read the report "China Automobile Industry Forecast (2006-2010)" published by RNCOS at
http://www.rncos.com/Report/IM050.htm
RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports, please visit us at http://www.rncos.com/Report.htm or email us at info@rncos.com
To get the latest news visit our newly launched Blog section at http://www.rncos.com/Blog/
History Of Car Industry
In 1953, the first Corvette's were unveiled. The cars were unique in their construction. Instead of the steel bodies common for the time, the Corvette was actually built from a much lighter material?fiberglass. This innovation, combined with its Earl-designed appearance, however, was still not enough to make the car an overnight success.
At the time, Chevrolet was known for producing inexpensive, but unexciting vehicles. The Corvette, despite its sex styling and innovative construction was ?just another Chevy? at heart, and lacked the performance sports car enthusiasts craved. The original Corvettes featured a less-that-impressive V6, a two-speed automatic transmission, and a brake system taken directly from the regular Chevy line. In essence, the original Corvette was a sports car in appearance alone. Sales lagged and there was even talk of discontinuing Earl's pet project after a few years.
Sales were simply too low. Although the fiberglass design wowed potential buyers and critics within the sports car industry and the appearance of the Corvette was beyond reproach, the car simply lacked the kind of performance those searching for a true sports car expected to find.
Then came Zora Arkus-Duntov, the Russian ?migr? and engineer who found a home at Chevrolet, and a project in the Corvette. In 1955, Chevrolet introduced its first V8 engine. Arkus-Duntov redesigned the V8 especially for the Corvette and placed the bigger, more powerful motor into the small-bodied car. He also replaced the old two-speed ?powerglide? automatic with a 3-speed manual transmission. Suddenly the Corvette was no longer just a pretty face. The Corvette became a legitimate competitor for the other major U.S. sports car, Ford's Thunderbird, and its popularity soared dramatically. Arkus-Duntov is often considered the father of the Corvette due to his line-saving alterations.
Over fifty years later, Corvette remains a leading name is sports cars and is currently offering its sixth generation of products, including a rumored high performance model known as the Blue Demon.
The Corvette is now known as the ?poor man's super car? and is noted for its relative affordability and impressive reliability records.
But before there was a Blue Demon, a Z06, or any of the Corvette C classes that sports car enthusiasts love today, there was Harley Earl and a cute design with a V6 they called the Corvette. Chevrolet embraced the idea of a truly American sports car, and with the help of a Russian ?migr?, built one of the most popular and lasting sports car labels in the world.
Both James Marriot & Gregg Hall are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
James Marriot has sinced written about articles on various topics from Recreation and Sports, computers and the internet and Information Technology. We provide global business information for industry research, business consulting, & bring reputed companies and firms to us for business enhancement solutions.. James Marriot's top article generates over 40500 views. to your Favourites.
Gregg Hall has sinced written about articles on various topics from Lingerie, Desserts and Mortgage. Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. Use the best
Better Luck Tomorrow Part 1 In other words, dont brag. --Article to be continued in ?Hypnosis for Procrastination Ill Try It Tomorrow Part 2.? ?2008 by Wendy Lapidus-Saltz.