Telematics Weekly

industry insight, news and interviews paid sponsor: Sancomm, Inc. Free Subscription September 6, 2010

China is on track to sell 11 mil­lion vehi­cles this year, accord­ing to the China Pas­sen­ger Car Asso­ci­a­tion. That would be up 17% from 2008, and a stun­ning 20 times the num­ber of vehi­cles sold in China just a decade ago. The boom­ing sales have pro­vided a glim­mer of hope for belea­guered Amer­i­can auto com­pa­nies that make and sell cars here. That includes Gen­eral Motors, which saw its sales in China jump 75% in May com­pared with the year before. GM says China now accounts for nearly 25% of its global sales. With no end in sight to the trou­bles in the U.S. auto mar­ket, GM, Ford, and Chrysler likely will become increas­ingly reliant on China’s still largely untapped market.

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