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Article: MINIVAN MORE POPULAR THAN LIGHT-DUTY TRUCK IN RURAL MARKET
- Article from:
- AsiaInfo Services
- Article date:
- April 9, 2009
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AsiaInfo Services
04-09-2009
Minivan More Popular than Light-duty Truck in Rural Market
BEIJING, Apr 09, 2009 (SinoCast Daily Business Beat via COMTEX) -- Minivan producers have benefited from China's subsidized promotion of vehicles in the rural market, while light-duty truck manufacturers get no support from the policy.
As the country's rural promotion focuses on green energy cars, small-displacement minivan manufacturers like Dongfeng Motor Corporation (DFM), Jiangxi Changhe Auto Co., Ltd. (SHSE: 600372), and SAIC-GM-Wuling Automobile Co., Ltd. (SGMW) all speed up their production to meet the growing demand.
In February 2009, SGMW sold 80,175 minivans, rising 48.4% from a year earlier. ...