Shen Ningwu, deputy secretary-general of the China Association of Automobile Manufacturers, revealed at a recent meeting that in 2004, China’s auto production and sales will exceed 5 million vehicles, and the industry’s sales revenue will exceed 100 billion yuan.
According to Shen Ningwu’s forecast, the production and sales volume of cars will reach 2.2 million to 2.3 million in 2004, and the production and sales of motorcycles will exceed 16 million. He believes that although the production and sales volume of cars in October were the lowest in the whole year and was the only month that was lower than last year, the sales volume of cars increased in November to more than 190,000 vehicles, resulting in an annual production and sales ratio. The original forecast is higher. Looking at the sales revenue of the entire industry, it has already reached more than 880 billion yuan in October, and reaching 100 billion yuan in the whole year should not be a problem.
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