What does 2005 hold in store?

As 2005 dawned, the Chinese auto industry was in turmoil of price reductions. Whatwill happen during the year? There will be no radical change in the pattern of the industry overall. In 2004, new carsales totaled 2.54 million units, an up of 15 percent, but most of that growth occurred inthe first quarter. The stagnant trend in the first half of 2005 will remain unchanged, butthere is room for cautious optimism for the whole year as the market bounces back,pushing growth again back over 1…