Alternate Route

Oct 15, 2009 - Imagine That

From Gasgoo.com:

Following a robust September when China's auto sales soared 78 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) now forecasts that auto sales in the country would surpass 12 million for the full year of 2009.

Many global automakers are getting by in this economic crisis partly because of the continued sales boost the auto industry is experiencing in China. However, analysts fear that this interest may end as early as next year. It is understood that the huge demand is mainly propelled by government incentives, and as these incentives are reported to be phased out in 2010, the sales boom might well end with it.

I suppose it took a real genius to figure out that sales growth might not stay at 78% next year. And when it comes to pass, we'll have to endure the "analysts suprised by decrease" stories. If these folks are such experts, why is it that they always seem to be surprised by any change in economic fortunes?

2:56 am | Categories: automotive news Permalink | Alert Administrator

Add to: