Friday, January 28, 2011

China and India will decline in 2011 sales

The U.S. manufacturer General Motors in China believes that the pace of sales of automobiles can not continue to have the current pace of growth that led the country to be the first world market in terms of registrations. Same goes for India, another populous state in which the 4-wheel driven more and more.

The prediction that the company is in Detroit - currently world number two behind Toyota in terms of sales - was intended to refer to 2011. To substantiate this hypothesis, there are in-depth analysis that evaluated the reasons that led China onto the top step of the podium: government incentives, better economic conditions and producers are made in four to launch their models in the land of mandarins.

"This can not continue like this year," said Tim Lee, president of GM. "Or rather, growth yes, but not at the pace of 32% (in China) and 31% (in India). I think that a growth of 10-15% of registrations is more plausible for both states. In China pay particular two things: the end of state funds to purchase low-powered models and limiting the sales tax by the municipalities of Shanghai and Beijing in optical anti-trafficking measures soon to be followed by other cities.

" Different, according to Tim Lee, the case of India where the increase in bank interest rates will act as a deterrent for many people, which refers to the purchase of the best of times.

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